Wednesday, October 27, 2004

California Association of REALTORS® (C.A.R.) reports on September home sales

The California Association of REALTORS® reports that "The median price of an existing home in California in September increased 21 percent and sales decreased 0.9 percent compared with the same period a year ago."

The actual dollar figures were revealed: "The median price of an existing, single-family detached home in California during September 2004 was $465,540, a 21 percent increase over the revised $384,690 median for September 2003. The September 2004 median price decreased 1.7 percent compared with a revised $473,360 median price in August."

These are impressive numbers for the state as a whole. We are asked daily what our predictions are for the future. It's just too hard to tell! There are so many factors that can affect our real estate market. Right now, interest rates are certainly favorable!

To read the article, please go here.

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