Even as seasonal forces begin to moderate activity, November home sales and condominium sales in the Santa Clarita Valley remained well above year-ago levels, riding a surge of homebuying interest prompted by the pandemic and interest rates that continue to dip lower, the Southland Regional Association of Realtors reported Monday.
Pending sales, a measure of future activity, were up 39.4%, suggesting that the Santa Clarita market will remain robust in the closing month of 2021 and into the new year.
In November home sales, a total of 256 single-family homes closed escrows last month, up 45.5% compared to November 2019, though down 14.4% from this October. Sales have been above 200 every month since dipping to 111 in May as a result of stay-at-home orders, with October coming one sale away from the 300-sale benchmark, a feat not seen since 2005.