Tuesday, February 16, 2016

SoCal home sales increased 7.3% YoY in January

by Bill McBride on 2/16/2016 02:01:00 PM

From the LA Times: Southern California home sales increase in January compared with a year earlier

Southern California home sales in January posted a 7.3% gain compared with the same month a year ago, marking the strongest January for sales since 2013, according to real estate data released Tuesday.

Last month, 14,619 new and existing homes and condominiums were sold in Southern California, according to data firm CoreLogic. ...

"Some people prefer not to buy and sell during the holidays or in the middle of winter, so January and February tend to be relatively weak months for closings and, as such, they're not especially predictive of what's to come for the rest of the year," he said in a statement.
The NAR will report January existing home sales on Tuesday, Feb 23rd.