The number of days it took to sell a single-family home declined to 49 days in January 1998 from 62 days in January 1997. Regional MLS sales and price information is contained in the charts that accompany this press release. Regional sales data is not adjusted to account for seasonal factors that can influence home sales. MLS median price and sales data is based on a survey of 64 Associations. The median price for both detached homes and condominiums represents closed escrow sales.
Prices continue to be on the upswing thanks to an historically strong demand for housing.
Some of the variations in median home prices may be exaggerated due to compositional changes in housing demand. Its parent, Fortune 500 company Transamerica Corporation, is one of the world's largest financial services companies. Transamerica has provided specialized financial, life insurance and real estate products and services for nearly 70 years. C.A.R. is headquartered in Los Angeles. Dec. 97 Jan. 97 Calif.