Tag Archives: Southern California washes away foreclosure impact

The median price paid for a house in Southern California rose 23.4% from a year earlier, representing a 56-month high in March, according to San Diego-based DataQuick. The median sales price for the six-county Southland region was $345,000, up 8% from $320,000 in February and up 23.4% from $280,000 one-year prior. The previous median high was $348,000 in July 2008. “Price measures continue to rise for two simple reasons,” said John Walsh, DataQuick president. “First, demand for homes has risen at a time when the available supply is unusually low. Prices […]