Even though the sales rate has slowed over the last six months, Dataquick's check of the public records tells us "the median price paid for a home in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties was $485,000 last month. That was the same as April, and up 6.4 percent from $456,000 for May last year." Home appreciation is at its lowest pace within the last 6 years, however 27,282 homes were sold in May, lower than the peak May in 2002, but an increase of over 10% from April, 2006.
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