Southern California Home Prices Climb to a 20-Month High
This article is for subscribers only.
Southern California home prices rose in May to their highest level in 20 months as costlier properties in coastal areas made up a bigger share of sales, DataQuick said.
The median price for houses and condominiums in the six-county region increased to $295,000, up 1.7 percent from April and 5.4 percent from May 2011, the San Diego-based data seller said today in a statement. Sellers who’d been holding out for higher prices are becoming more willing to make deals so they can buy more desirable properties, DataQuick said.