January 25, 2012 – Daily Brief

Home and condo sales rose 2.6 and 1.5 percent respectively in the SCV in 2011, according to a Realtor’s report. More demand for homes would equal median price increase right? Curiously, no- median home prices were down 10.2 percent to $364k for a home while condo prices declined 7.5 percent to $210k. The SCV still has an anemic supply of houses according to the report SI ...