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
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