California home sale prices came close to a 4-year high in July, with the pace of sales year-over-year growing for the fourth month in a row, the CALIFORNIA ASSOCIATION OF REALTORS® reported.
The median home price in July for an existing single-family home was up 4.2 percent in June and nearly 13 percent from a year ago.
July’s median home price was the highest since August 2008. July also marked the fifth consecutive month that the median price increased month-over-month and year-over-year.
Sales in July rose to an annualized pace of 529,230 homes, an increase of 15.3 percent compared with last July.
Full Story: http://lansner.ocregister.com/2012/08/20/california-home-sales-near-4-year-high/165628/
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