Homes Prices Going Up: Great time to Buy

Homes Prices Going Up: Great time to Buy
According to the Beach Reporter, Southern California home prices have soared almost 29% over the prices reported in June of 2012.In the last 12 months, the median price of a home in the six county region of Southern California increased $85,000 to $385,000 from $300,000 in June of 2012. The price gains went up 20 percent in all counties according to DataQuick. DataQuick president John Walsh  was clear in saying that he did not expect the pace to persist long. Low inventories are affecting sales in many Metro areas. The California Association of Realtors is saying that the statewide inventories increased to a 2.9 month supply in June, from a 2.6 months in May. Los Angeles county had the biggest increase followed by San Bernardino County.