Home Sales in California (June)

I'm a little late posting this, as it's almost time for July home sale reports, but I thougt it was interesting and wanted to get it out there. It was estimated that 43,964 new and resale houses and condos were sold throughout the sate of California last month, which is a 7.3% increase from 40,965 in May, and a 0.5% decrease from 44,167 for June 2009.

The median price paid for a home last month was $270,000, which was a decrease of 2.9% from $278,000 in May, and an increase of 9.8% from $246,000 for June a year ago.  Of the existing homes sold last month, 34.7% were properties that had been foreclosed on during the past year which was a 35.4% decrease in May and a 45.6% decrease in June a year ago.  The typical mortgage payment that home buyers committed themselves to paying last month was $1,125. That was down from $1,183 in May, and the same as June 2009.