State’s home sales drop slightly in December

The pace of home sales at California new-home communities was moderately lower than levels seen a year ago, the California Building Industry Association reported this week.  The monthly CBIA/Hanley Wood Market Intelligence New-Home Sales and Pricing Report showed that sales in new-home communities of 10 units or more were 15 percent lower then December 2008.  That’s still an improvement from most months in 2009 in which year-over-year declines were substantially larger, according to the report.  During December, 1,372 new homes and condominiums were sold in the subdivisions tracked by HWMI, compared with 1,607 in December 2008.  Sales of single-family homes were down 25 percent, while sales of townhomes and “plexes” — duplexes, triplexes, etc. — were off by 5 percent and sales of condominiums were 18 percent higher than a year ago.

2 thoughts on “State’s home sales drop slightly in December

  1. Less of a decline is good news. Interesting that condos were up 28 percent from last year. I think people are buying, just spending less. Lets hope the numbers keep going up!

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