A key gauge of Southern California home prices is on the rise because of a significant drop in foreclosed properties on the market and increased sales in more expensive coastal areas.
Wednesday, July 18, 2012
Home prices rise in June with fewer foreclosures on the market
The Southland median home price increases 5.3% from a year earlier, climbing above $300,000 for the first time in two years.
A key gauge of Southern California home prices is on the rise because of a significant drop in foreclosed properties on the market and increased sales in more expensive coastal areas.
A key gauge of Southern California home prices is on the rise because of a significant drop in foreclosed properties on the market and increased sales in more expensive coastal areas.
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