9/26/2004

Calif. Assoc. of Realtors: August Median Home Price Over $474,000

Year-to-date sales are up compared to 2003, but so is the median home price. Unsold index for August was 4.3 months, compared to two months for August, 2003. The areas seeing the most activity are those that are more affordable. That median price is statewide and does not take into account specific areas or seasonal slowings. See this report from California Association of Realtors. Dataquick, which does not draw from the MLS but from county statistics, reports the median price of Los Angeles County homes as $407,000: "Mixed August for Southland Home Market".

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