11/27/2006

California Median Home Price Up

The October report from Dataquick puts the California residential median home price at an increase of .2 percent from September and 2.9 percent from one year ago. Remember, Dataquick's median home prices combine single family houses and condominiums, which results in a lower median price than the California Association of Realtors figures which separates the two categories and results in a higher median price. But the figures show that while sales volume is down, prices are holding with stable down payments and a slight decrease in the monthly mortgage payment compared to what buyers committed to last month. For a property search, got to www.juliahuntsman.com.

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