Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 23, 2012
By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
You really need to know your local real estate market, what is happening right now and how will this effect the market in the months to come. I was reading the paper this morning and came across a report that home sales have dipped the Commerce Department said sales of new homes fell 1.6 percent last month. That number is a national figure and not necessarily the same for your own backyard. In the Antelope Valley, Palmdale/Lancaster cities new home sale are up a bit. Resale is up almost 2% from this time last year. But that is not the entire story, home sold has been in a decline over the past 3 months off by 35%. So we some extraordinary market forces coming to a head here, sales are down so far this year, available is dropping like a stone, we could be in for a fun summer… Jan...
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