Why Is There More on the Market Right Now?

If you're driving around your area, you've probably noticed a lot more open house signs. If you've been trying to buy, that may be a welcome sign, but why didn't that happen earlier in the year when you kept getting outbid on everything, especially when the median price of a home keeps going up in California? The statewide median price of a single family home for June was $469,000, a 25.3% increase from June 2003, but sales also increased. To find out about the increase in inventory in June, read about the changing interest rate.