Report: Home sales up 65% in California - Mercedes-Benz Forum

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Report: Home sales up 65% in California

Home sales jumped 65% in Southern California last month, compared with the same period in 2007, according to new industry data cited by the Associated Press.

"The pitifully low September 2007 sales numbers weren't tough to beat," John Walsh, MDA DataQuick's president, tells the wire service.

AP says figures from MDA DataQuick show that foreclosures accounted for half of all the area's residential real estate transactions.

"A total of 20,497 new and resale houses and condos closed escrow in the six-county Southland in September, up 5.8% from 19,366 in August and up 64.6% from 12,455 in September 2007," the company says in a press release.

Report: Home sales up in Southern California - On Deadline -

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