Zillow announced yesterday that U.S. home values continued to climb for the eight consecutive month, according to data from their July 2012 Real Estate Market Reports. Home values are up 1.2% nationwide, a healthy number supported by low inventory in many markets.
Here in Santa Barbara, July South County sales shook off the previous month’s dip to return to positive growth. 2012 sales are an astonishing 44% higher than last year. Meanwhile, inventory is at a 6 year low! Does this mean home prices are finally on the rise?