California sees largest home price gain in 3 decades
Published: June 17, 2013 Updated: June 18, 2013 6:30 a.m.
California sees largest home price gain in 3 decades
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California sees largest home price gain in 3 decades - More from Business
By MARILYN KALFUS / ORANGE COUNTY REGISTER
A shortage of homes on the market along with strong high-end sales combined to push up California’s median home price in May, marking the largest year-over-year price increase in 33 years, the California Association of Realtors said Monday.
The median price for an existing, single-family detached home in the state was $417,350, up 31.9 percent from May 2012 -- reflecting 15 straight months of year-over-year price increases. The median price was up 3.6 percent from April’s $402,760.
