December home sales reported
Southern California home sale numbers are now available for December, 2006. DataQuick Information Systems reports on their website, Dqnews.com, that "The median price paid for a home in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties was $495,000 last month [referring to December, 2006], a new record. That was up 1.6 percent from $487,000 for the month before, and up 3.3 percent from $479,000 for December a year ago".
Further, they report that "The previous peak was $493,000 last June. Year-over-year price increases have been in the single digits for nine months. Last month's record median was in large part due to strong sales of new homes, which is normal for December."
To read more: DQnews.com December home sales