Top 10 Turnaround Towns: 2nd Quarter of 2012

According to AOL Real Estate News, Santa Barbara, Santa Maria and Lompoc, ranks No. 10 on the list of “Top 10 Turnaround Towns: 2nd Quarter of 2012” with a -31.10 percent decrease in year-over-year quarterly for-sale inventory and an increase of median list prices of 16.93 percent compared to the same time last year. Santa Barbara’s housing market moved 21.43 percent faster in the second quarter of 2012 than the same quarter last year. Santa Barbara County today generates one foreclosure filing for every 330 homes, but shows positive signs in new-home sales for April 2012 with both increases year-over-year and compared to the previous month. Santa Barbara was a highlighted market in the May 2012 monthly market report. Read the entire article here.