1. Home sales in San Diego County jumped by 21.5% in May, compared to the same month a year ago, while prices rose 3.2%.
2. L.A. County home sales jumped 25.3% in May compared with a year earlier.
3. For all of Southern California, home sales increased in May by 20.6%, and the median price increased by 5.4% from $280,000 to $295,000.
That now makes about 20 local markets that are reporting double-digit gains in May home sales, and most gains are 20% or higher, so I think we've got a real recovery taking place for the U.S. real estate market.
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