Home sales volume and price peaks
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39,051 new and resale home transactions closed escrow in California during April 2013. Sales are up 2% from one year ago when 38,241 sales closed escrow.
2012 ended with 447,573 total home sales in California. This is up 8% from 2011. Home sales volume rose in the second half of 2012. This was due mostly to the massive invasion of speculators and partly to increased end user demand. Speculator influence will wane and stabilize throughout 2013. At the same time, sales volume will begin to gain more support from buyer-occupants, as they cautiously re-enter the market due to rising confidence and slowly returning jobs.
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About The Author
Carrie B. Reyes
is lead writer in charge of the Real Estate Practice and Due Diligence and Disclosures books.
![ConstructionStarts-6-months2[1]](http://firsttuesdayjournal.com/wp-content/uploads/ConstructionStarts-6-months21-106x75.jpg)
![UnderwaterHomes2[1]](http://firsttuesdayjournal.com/wp-content/uploads/UnderwaterHomes21-106x75.jpg)
![house-calculator1-200x300[1]](http://firsttuesdayjournal.com/wp-content/uploads/house-calculator1-200x3001-106x75.jpg)
ft Editorial Staff:
Thanks for the invaluable lists of important facts that will direct the business decisions of Real Estate Brokers over the coming years. All of your journals are spot-on subjects for surviving this current R. E. Cycle. But this journal gives the lists that a Broker will need when making a business plan. I am studying for my Broker’s Test now.
Sincerely, Ed Reisinger
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It seems at this point that the trend was downward but since January things have picked up. When the interest rates were lowered the housing market jumped a bit and since has leveled off just as interest rates have.
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My thanks to Bradley for the research and information provided in the article. Historic trends lend themselves to greater understanding of the factors involved in the movement of markets. I went straight from this article to investigate the “charts” section. Good information–leads to good insight. Susan Carter
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Always great information!
Thanks much!!
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You list your source as MDA DataQuick. If you will check with DataQuick, you will find they are no longer owned by MDA. It’s always nice to properly reference your sources.
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It is indeed! Thanks for bringing this change to our attention. We’ll see to it that our attributions are updated accordingly.
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Thank you very much for the information on house market trend as well as brokers and real estate agents fall.
stella song
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Its all about location. Here in the Bay Area, housing sales are out of control once again with multiple offers and homes selling within days of listing. I’d like to see the chart for this area specifically. Of course other (inland) areas suffer massively and will continue until as you said, employment expands greatly and regularly. But there’s magic in the Bay Area and specific smaller locations.
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