California non-distressed property sales drive home sales higher

California single-family home and condominium sales grew 8.5% to 41,539 in June, up from 38,143 in May, mainly driven by an increase in non-distressed property sales, the latest California housing report from PropertyRadar said. On a yearly basis, sales were up 16.4% from 35,681 in June 2014.

Full Story: http://www.car.org/newsstand/newsreleases/todaysheadlines/?view=Standard

Pending Home Sales Maintain Momentum in May

Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors®.

Full Story: http://www.realtor.org/news-releases/2015/06/pending-home-sales-maintain-momentum-in-may

California home sales reach highest level in two years, experience first double-digit increase since May 2012, C.A.R. reports

-Existing, single-family home sales totaled 437,040 in June on a seasonally adjusted annualized rate, up 3.3 percent from May and 11 percent from June 2014.
-Statewide sales were above 400,000 mark for third straight month.
-June statewide median home price was $489,560, up 0.8 percent from May and 7 percent from June 2014.
-California’s median home price was the highest since November 2007.
-Available housing supply remained constrained with 3.3 months of inventory.

Full Story: http://www.car.org/newsstand/newsreleases/2015releases/june2015sales/?view=Standard