Median Home Prices

The median home price is the price that is midway between the least expensive and most expensive home sold in an area during a given period of time. It is used by economists to compare home sale prices and measure the exact increases and decreases. For example, the median home price in the second quarter of 2004 was $461,730.00 , an increase of nearly $100,000.00 over the second quarter median of $368,620.00. The housing market fluctuates with time and location. Over the last 20 years all areas of California have shown dramatic increase in the median home price. Some areas, however, have increased far more than others.

The California Association of Realtors ( C.A.R.) is a trade association with hundreds of thousands of members and is dedicated to the advancement of professionalism in real estate. C.A.R tracks the median home sale price for several georgraphic areas. C.A.R. economists also track other statistics about California. For instance the unemployment rate, job growth and population change.

Eddy Martinez

Best Rate Funding - Direct Lender - Wholesale Rates

Senior Loan Consultant

Direct Line: 1-888-702-2225 x. 115

E- Fax :1-310-943-6551

bestrate Funding

"A business that makes nothing but money is a poor business. "
- Henry Ford