May 2014 purchases of previously owned homes rose 4.9% YOY, signaling the biggest monthly sales increase since August 2011. The sales were skewed though towards the high end with sales of homes 750K-1M and  homes over 1M carrying the uptick in purchases.

We are seeing more inventory and more activity in the South Bay and on the Palos Verdes Peninsula. If you have been thinking about selling your home, but spooked about all the nonsense you hear about “The Economy”, remember all things are local and the current data suggests that we are in a market churning higher in terms of sales activity and prices. Brent Humber, Realtor (310) 871-2865
Home Sales Pickup Shows Healing U.S. Real Estate Market: Economy
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