From East to West Reeds Are The Best!
California’s housing market accelerated in April as the spring home-buying season kicked off with both higher home sales and prices for the third straight month, according to the CALIFORNIA ASSOCIATION OF REALTORS®.
Home sales rose above the 400,000 mark in April for the first time since October 2013 to post the highest level since August 2013. The April figure was 9.2 percent higher than the revised 391,440 homes sold in March. Home sales were up 9.3 percent from a revised 391,330 in April a year ago, and the increase was the highest year-over-year change since May 2012.
The median price of an existing, single-family detached California home increased in April from both the previous month and year for the third consecutive month. The median home price was up 2.8 percent from $468,550 in March to $481,760 in April, the highest level since November 2007. April’s median price was 7.4 percent higher than the revised $448,720 recorded in April 2014
Rich & Annie Reed
CalBRE# 01906230 & 01894384