This month's Market Snapshot, titled "Divergence in National,
State, and Regional Markets" features:

Statewide sales jumped from April to May, but national figures
fell over same time period: Existing single-family home sales in
California registered a seasonally adjusted annualized rate of
552,800 units in May, increasing 14.1 percent month-to-month. By
contrast, U.S. sales have shown little upward momentum after
hitting bottom in December 2007.

Inland regions of the state experience sharp year-toy-year
decline in sales: Monthly sales in the Riverside/San Bernardino
and High Desert regions rose to record-high levels during late
2008 and the first part of 2009 as large numbers of distressed
sales were pushed through the market. Shifting forward to 2010,
sales in these areas of the state remained strong, but have
pulled back significantly compared with a year earlier.