Southern California Median Home Price Increase

The median home price was up from October by 1.3 percent to $479,000, and up 15.4 percent from November, 2004. This reflects Los Angeles, Riverside, Ventura, San Bernardino, San Diego and Orange Counties. The highest number sold for November was in Los Angeles County at over 9,000 residential sales, a decrease of 3.6% from last year; and Riverside County at over 5,900 sales, an increase of over 18% from last year. The typical mortgage was about $2238 in November, about $1800 higher than a year ago. Continued demand for housing remains very strong overall in Southern California.