Typical of the late Spring season, sales within the Southern California housing market jumped between April and May, according to CoreLogic’s latest data brief. While the upward monthly shift is historically standard, May’s total sales were lower than the long-term average. Encompassing Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties, the number of home sales grew 5.6 percent since April, from 21,274 to 22,466. The real estate data firm says the average change in sales since 1988 between April and May is a 5.7 percent uptick. CoreLogic However, the number of sales within the month is low. Historically, the May average for homes sales in Southern California is 25,124 — May 2016 sales were 10.6 percent lower. Less demand for new construction…
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