California home sales reach highest level in two years, experience first double-digit increase since May 2012, C.A.R. reports

-Existing, single-family home sales totaled 437,040 in June on a seasonally adjusted annualized rate, up 3.3 percent from May and 11 percent from June 2014.
-Statewide sales were above 400,000 mark for third straight month.
-June statewide median home price was $489,560, up 0.8 percent from May and 7 percent from June 2014.
-California’s median home price was the highest since November 2007.
-Available housing supply remained constrained with 3.3 months of inventory.

Full Story: http://www.car.org/newsstand/newsreleases/2015releases/june2015sales/?view=Standard