Calif. Median Home Prices Still Rises

Statewide home resale activity is up 3.6 percent from the 633,660 recorded in June 2004, as reflected in records from MLS systems. The median home price, statewide, is $542,720, up 16 percent from a year ago. Interest rates are lower than this time last year, and the inventory is greater, which help to increase the pace of sales; the number of days to sell a single family home was a few days longer than in June 2004. In cities covered by DataQuick, which uses county records, 396 of 406 cities showed an increase in their median home prices from a year ago. June 05 sales/price report