Wednesday, June 17, 2009

Median So. Cal. home prices rise slightly

Dataquick is reporting that the median home price in So. Cal. rose slightly last month. Here's the story from the L.A. Times. However, before you go getting all excited: experts and economists say that this is because the higher end properties are actually selling for less, not that prices are actually rising.

Still, doesn't that mean that the middle and lower-end properties are holding steady? "May's median price bounce marked the fifth straight month the Southern California price median has held steady at roughly $250,000."

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