The number of existing, single-family houses that traded hands in July leaped an estimated 43.4 percent from a year ago, the California Association of Realtors reported. The median price, however, dropped 40.3 percent to $350,760, the biggest decline since the Realtors began tracking the market.No word yet from the Nation Association of Realtors on this one.I guess 2006 and 2007 weren't good times to buy California real estate.
Tuesday, August 26, 2008
Median California Home Prices Drop 40.3% in One Year to $350,760
The San Francisco Chronicle reports:
