The California Association of Realtors reports record home sale increases.
The California Association of REALTORS® (C.A.R.) reports that "The median price of an existing, single-family detached home in California set a new record during the second quarter of 2004 rising 25.3 percent to $461,730."
Further, "Closed escrow sales of existing, single-family detached homes in California amounted to 635,580 for the second quarter of 2004 at a seasonally adjusted annualized rate, a 10.4 percent increase from 575,910 in the second quarter of 2003."
The real estate market continues here in Southern California!
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