Thursday, June 16, 2005
Calif. home prices hit new highs in May but gains in value slow -- Associated Press
Calif. home prices hit new highs in May but gains in value slow: "Strong demand by buyers amid an inventory crunch helped drive the price of California homes and condos to a new high in May, but gains in value slowed for the fourth month in a row, an analyst said Thursday.
The statewide median price paid for houses and condominiums hit $427,000 — up 16 percent from $368,000 a year ago and nearly 1 percent from $424,000 in April, according to real estate research firm DataQuick Information Systems."
The statewide median price paid for houses and condominiums hit $427,000 — up 16 percent from $368,000 a year ago and nearly 1 percent from $424,000 in April, according to real estate research firm DataQuick Information Systems."
