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California Home Prices

By
Real Estate Agent with Century 21 Award

The median home price in Southern California rose nearly 2% last month from September, while the inventory of available homes continued to shrink.  The median sales price has risen or held steady on a month to month basis since it dropped to $247,000 in April, which was the lowest in 7 years.

San Diego is now rated the 10th. best real estate market in the Urban Land Institute's recent report.

Great to get some good news for a change!

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Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Interesting that your stats are mirrored in my area, too.    Perhaps, up to a certain price point (would differ, region to region), these stats would hold?    It may be the "luxury segment" that is in continuing pause mode??

Nov 18, 2009 03:42 AM