California Association of REALTORS® (C.A.R.) reports median price of California home up 20%
Wow! The C.A.R. reports that "The median price of an existing home in California in January increased 20.1 percent and sales increased 7.1 percent compared with the same period a year ago, the California Association of REALTORS® (C.A.R.) reported today."
With demand still outpacing supply, C.A.R. also reports that "Statewide home resale activity increased 7.1 percent from the 615,660 sales pace recorded in January 2004."
This sets new records for both sales and the median price of a home in California.
To read more about what's going on in the real estate market throughout the state of California, including interesting charts on sales and prices, go here.