Home Sales Continue Strong in April

Southland home sales continued strong in April despite the recent increases in mortgage interest rates. A total of 18,378 new and used houses and condos were sold last month, down 6% from 19,557 in March and up 18.9% from April last year when 15,459 homes were sold, according to Dataquick Information Systems.

Prices have continued to decline in all counties except San Diego and Riverside.

Southland Home Sales

No. Sold No. Sold Pct. Med (K) Med (K) Pct. Apr/93 Apr/94 Chng Apr/93 Apr/94 Chng Los Angeles 6,337 7,248 14.4% $181 $175 -3.3% Orange County 2,506 3,313 32.2% $199 $198 -0.5% San Diego 2,753 3,072 11.6% $167 $169 1.2% Riverside 1,452 2,008 38.3% $130 $133 2.3% San Bernardino 1,545 1,739 12.6% $128 $125 -2.3% Ventura 866 998 15.2% $205 $192 -6.3% So. California 15,459 18,378 18.9% $173 $170 -1.7%