During the month of May, the median home price hit $305,000, the first time since October 2008 that the figure reached over $300,000 and is a 22.5% increase from May 2009. A total of 22,270 new and previously owned properties were sold in Southern California last month and sales last their highest level for a May since 2006. The rise in median home prices can be attributed to homebuyer tax credits as well as low interest rates.
Posted 18th June 2010 by Sally Forster Jones
Labels: median price for homes Southern California sales volume up