AN – good point. Flat in the Spring is not exactly the most bullish signal.
Since about 2/3 of sales in the SoCal area are LA, OC, and Riverside County, these numbers are probably driven more by those markets.
In fact this report shows San Diego up 5 K month-to-month.
Regardless, the fluctuation in month-to-month median prices of a couple percent is probably below the noise level of the measurement. Up or down 5 K should be considered essentially flat.
Headline news that SoCAL is down in April or headline news that San Diego was up in April or both sensational.
