SOUTHERN CALIFORNIA HOUSE PRICES UP 7.3% IN APRIL, REALTORS® REPORT
Source: The Orange County Register
Home prices and sales increased last month in Southern California and across the state, with median house prices hitting their highest levels since the summer of 2007, the California Association of REALTORS® reported Thursday, May 17.
The median price of an existing Southern California house — or price at the midpoint of all sales — was $515,000 for a second straight month in April. That’s the highest median for the region in more than a decade.
The Southern California house price rose $35,000, or 7.3 percent, since April a year ago.
Statewide, the median sale price was $584,000, also a post-recession high and up 8.6 percent year over year.
House sales were up slightly from year-ago levels, rising 1.6 percent in Southern California and 2.2 percent in the state as a whole.
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