Jul
31
July Housing Stats
July 31, 2007 |
Santa Clarita Valley Home Sales Down Realtors negotiated the sale of 194 single-family homes in the Santa Clarita Valley during July, the Southland Regional Association of Realtors reported. That total was down 18.1 percent from a year ago and 5.8 percent below the June tally. The median has been hovering around the $600,000 mark since the record high of $640,000 was set in April of 2006. A total of 286 properties opened escrow - a measure of future activity - at the end of July. That was down 18.3 percent from a year ago July and off 2.1 percent on a month-to-month basis. Both numbers are better than what has been reporting recently, suggesting that the Santa Clarita Valley housing market is beginning to level off. A total of 2,358 properties were listed for sale at the end of July. That was down 5.4 percent from a year ago and up only 1.6 percent from the total reported at the end of June of this year. At the current pace of sales, the inventory represents an 8.5-month supply, considerably improved from the less than I-month supply that was common during the recent sellers’ boom, yet only slightly above the 5- to 6-month supply regarded by industry experts as the sign of a balanced market.
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