San Fernando Valley Single Home Sales for June 2009 came in at 775 which is up 9.46% MoM and up 15.50% YoY. Median Price came in at $375,000 which is up 7.14% MoM and down 12.99% YoY. As you can see from the historic chart for June sales are still very weak. Active inventory continues to be drawn down but the number of sales at contingent / pending are an open question as to how many can actual close. So far the level of sales relative to pendings is pretty low.
San Fernando Condo sales for June 2009 came in at 236 which was up 4.42% MoM and 2.61% YoY. The median sales price came in at $226,000 which was up 22.16% MoM but down 23.39% YoY. The median price is especially variable due to the low volume and constant mix shift.
1 comment:
I know people from other sites are having recovery field days with this data. They can't seem to understand the concept of anything divided by zero will be infinite.
I'm now convinced that one additional factor fueled the housing market rise...stupidity.
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