California's Median Selling Price in December

The median price of an existing, single-family detached home in California during December 2006 was $567,690, a 3.7 percent increase over the revised $547,400 median for December 2005, C.A.R. reported. The December 2006 median price increased 2.2 percent compared with November’s revised $555,280 median price.

While this is a statewide figure published as of January 25th, and the Los Angeles area's median house price of $584,600 is somewhat less when you look at Dataquick's figures (which combine house and condo prices), nevertheless, California home prices continue to reflect an economic fact despite a much lower sales volume than the last several years.

Long Beach, Bubble