As the U.S. election has completed in the early November 2012, Americans feel more confident about their jobs securities and the country’s economy. This has impacted on housing prices in Southern California. Southern California region includes large cities such as Los Angeles, San Diego, and several large counties such as LA and Orange County.
Citing data from DataQuick, latimes.com reported that the median home price in Southern California in November 2012 was $321,000. Compared to September 2012, the median home price was $315,000. While compared to one year ago, the median home price was $275,000 in November of 2011, or an increase of 17% over the twelve months ago.
Housing market in Southern California were boosted by buyers who tend to purchase middle ranges homes and upgrade to the high end homes. On the other hand, there were fewer buyers of inexpensive homes in recent months.
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