California home sales and prices data come in strong in July. Last month, the median price reached a near-four-year high, according the California Association of Realtors® (C.A.R). July 2012 median price was the highest since August 2008, when the median price reached $352,730.
Interest rates continue to remain at a historically low in July with 30 year fixed mortgage interest rates averaging 3.55 percent. Adjustable-mortgage interest rates averaged at 2.69 percent in July.
The median number of days to sell a single-family home dropped from 43.4 days in June to 43.2 days in July. It took a median of 51.9 days for a home to sell in July 2011.
For more information or to see July 2012 Data Chart for Existing Single Family Homes and Sales, click here.
Interest rates continue to remain at a historically low in July with 30 year fixed mortgage interest rates averaging 3.55 percent. Adjustable-mortgage interest rates averaged at 2.69 percent in July.
The median number of days to sell a single-family home dropped from 43.4 days in June to 43.2 days in July. It took a median of 51.9 days for a home to sell in July 2011.
For more information or to see July 2012 Data Chart for Existing Single Family Homes and Sales, click here.
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