Prices up, sales down in March!

The California Association of REALTORS® (C.A.R.) reports that "The median price of an existing home in California increased 13 percent in March and sales decreased 15.1 percent compared with the same period a year ago."

And, the numbers keep on going up. Now, "The median price of an existing, single-family detached home in California during March 2006 was $561,350, a 13 percent increase over the revised $496,890 median for March 2005, C.A.R. reported. The March 2006 median price increased 4.8 percent compared with February’s revised $535,480 median price."

Those waiting for a bubble, may have to keep on waiting. At least in California, at least for now.

To read more details: March home sales in California