The median home price in California last month surged 20.9 percent from May 2009 to $278,000, as inventories of low-cost foreclosures dwindled and transactions in mid-range and high-end neighborhoods claimed a greater share of sales, a tracking firm reported Thursday.
Last month's median was up from $230,000 a year ago and up 9 percent from $255,000 in April, San Diego-based MDA DataQuick said. The May median, which marked a seventh consecutive month of year-over-year increases, was at its highest level since October 2008.
MAYBE THE ECONOMY IS BEGINNING TO TURN?
WHOSE BUYING THIS REAL ESTATE... CHINESE?