SAN DIEGO (AP) – Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured the most they could get was $180,000. When they put their San Diego home up for sale a few months later, they fielded five offers within two weeks.

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The region’s median home sale price hit 6,500 in May, up 21.3 percent from a year earlier amid brisk sales, according to DataQuick. Housing inventories remain unusually low. There was a 5.2-month supply of existing, single-family homes for sale in May, compared to 6.4 months a year earlier, according to the National Association of Realtors.

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LOS ANGELES (CBSLA) – The red hot southern california real-estate market appears to have finally cooled off. home sales were the lowest for a December in 11 years. Median sale prices were up only 1.

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 · SAN DIEGO (AP) – Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and figured the most they could get was $180,000. When they put their San Diego home up for sale a few months later, they fielded five offers within two weeks.

Home price gains bring sellers off the sidelines By: The Associated Press July 1, 2013 Comments Off on Home price gains bring sellers off the sidelines Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck.

Once thought to be a "new normal" of lower labor force participation, the strong US economy has pulled workers from off of the sidelines. Spring selling season. Regardless, it’s a very different.

Faced with a limited number of choices, buyers may be deciding to sit on the sidelines and wait for something better to come along rather than settle for a home that. that prices seem to be.