Eveyone asks me, “How long will this last?” or “Is this a good time to buy/sell?” No one has the crystal ball but how many home buyers who bought in 2012 are now happy as clams. No one in 2012 saw this market coming either.
So YES, take advantage of what’s happening now to buy/sell your home. If prices continue to rise then better to get in on it early. If this is temporary, how much lower do you really think So.Cal. real estate is going to go?
Southland median home price in March increases again
Southern California’s median home price in March rose 8% from February and 23.4% from the same month in 2012, to hit $345,500, the highest level since July 2008.
By Alejandro Lazo, Los Angeles Times
April 18, 2013
Southland median home price in March increases again
The median home price in Southern California rose about $25,000 in March alone to hit $345,500, underscoring the region’s fast-paced recovery.
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