Southern California Home Prices Soar in March - Fox 2 News Headlines

Southern California Home Prices Soar in March

Posted: Updated:

SAN DIEGO (AP) - A research firm says Southern California home prices neared a 5-year high last month, the latest evidence of a sharp market turnaround.

DataQuick said Wednesday that the median price of new and existing houses and condominiums surged to $345,500 in March, gaining 8% during one month alone and up more than 23% from the same period last year. It is the highest median price since July 2008.

Gains were spread across all six counties and pricing categories. The median price in Orange County, the region's most expensive, topped $500,000.

There were more than 20,000 homes sold in the region, up more than 3% from a year earlier. It is the highest March sales tally since 2007.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices