In March, the median home prices in California posted their first year-over-year increase in 16 months, although home sales in March dipped a bit from their February 2012 pace.
The statewide median price of an existing, single-family detached home rose to $291,080 in March from February’s $266,660. However, in spite of this positive home price data, the housing recovery remains tepid.
Read the full article on HousingWire.com.
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