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Home Sales Are Looking a Little More Alive

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Good news, everyone! In March of this year, it would have taken five months to completely sell off the supply of single-family detached homes on the market— compared to 12.2 months just a year prior, according to a Realtors report. Could have something to do with home prices declining 39 percent, but things are indeed moving at a faster clip now. Compared to the same period a year ago, home sales increased 63.8 percent, with the California Association of Realtors president calling the market "very active." San Francisco came in eighth on the list of the cities with highest median home prices. No. 1: Santa Monica.
· California unsold homes index plummets [SF Business Times]