Calif. Median Home Price Up 2% in January

The market has not declined, the price continues upward for now, and inventory increased in January, but is still low by historic standards. Buyers have a little more breathing time to make an offer, sellers are still rewarded with a strong market statewide. What fuels this increase? Total sales for 2005 may be lower than 2004, but in California demand outweighs supply. There may be several reasons for this demand, chief among them is increased population. Read C.A.R.'s report for more.