SFV Home Sales Trending Up

Homes are selling in the San Fernando Valley with activity gradually picking up on a month-to- month basis and the number of properties in escrow suggesting the trend will continue through the coming months, the Southland Regional Association of Realtors ® reported.

A total of 41 6 single-family homes changed owners during March, up 16.2 percent from February. While sales were down 46.0 percent from a year ago, activity has been trending up since October with March being the third consecutive month of increased resale activity.

" If this trend continues," said Mary Funk, president of the Association, "it suggests that we may have passed the bottom of this cycle with the worst behind us."