California home sales dip slightly in February

View Comments

LOS ANGELES (AP) — California homes sales dipped slightly last month and so did prices but the state still seems on the road to recovery after a five-year housing slump.

Real estate research firm DataQuick says 28,719 homes were sold in California in February. That was down a half-percent from January and about 3 percent from February 2012.

However, DataQuick says January-to-February sales generally are flat.

The median sales price was $289,000, down fractionally from a month earlier but up nearly 21 percent in year-over-year sales.

In fact, February was the 12th straight month in which the price jumped when compared to the same month a year earlier.

DataQuick says the California market shows several healthy indicators: foreclosures are well below peak levels and financing with multiple mortgages is low.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 28,182 other followers