webstationlogos3 KHTK-sports-1140_FINAL-social_125x35b
MISS THE CBS13 NEWS AT 10? See what you missed on our video page

Business

California Home Sales Dip Slightly In February

View Comments
Don't Miss This
Cat Survives 60-Mile Journey Atop Trailer
Cat Survives 60-Mile Journey Atop Trailer
  Photo: Sonja Flemming/CBSSix Pick-up Lines That Actually Work!
Firing Squad Or Hanging? AG Candidate Wants Death Penalty For Corrupt Lawmakers
Firing Squad Or Hanging? AG Candidate Wants Death Penalty For Corrupt Lawmakers
 
2nd Teen Dies, 3 More Fight For Life Following Vacaville Crash
2nd Teen Dies, 3 More Fight For Life Following Vacaville Crash

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

LOS ANGELES (AP) — California homes sales dipped slightly last month and so did prices but the state still seems on the road to recovery after a five-year housing slump.

Real estate research firm DataQuick says 28,719 homes were sold in California in February. That was down a half-percent from January and about 3 percent from February 2012.

However, DataQuick says January-to-February sales generally are flat.

The median sales price was $289,000, down fractionally from a month earlier but up nearly 21 percent in year-over-year sales.

In fact, February was the 12th straight month in which the price jumped when compared to the same month a year earlier.

DataQuick says the California market shows several healthy indicators: foreclosures are well below peak levels and financing with multiple mortgages is low.

Copyright 2013 The Associated Press.

View Comments
blog comments powered by Disqus