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Increase in Pending Home Sales in California

The hits just keep on coming. Pending home sales in California notched their sixth straight month of annual gains with the last four months registering double-digit gains.

In May, pending home sales in the state were up a strong 12.1% from May 2014.

The increase for pending home sales in Southern California was more modest, but did move back into positive territory from a downtick in April. The pending home sales statistic for May 2015 was up 12.5% from May 2014.


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“I have been working with Ken Shapiro and Silverwood Properties for several years. I like to buy old fixers, make them beautiful and sell them profitably. I have found the knowledge and service I receive from Ken and his Silverwood Properties team far superior to any other realty company. I highly recommend him to anyone looking to buy or sell—I feel sorry for the other guys!” B.W.