Firm: NorCal median home price rises in month | TahoeDailyTribune.com
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Firm: NorCal median home price rises in month

Jacob Adelman
Associated Press Writer

LOS ANGELES (AP) – The median home price in Northern California rose 31 percent last month from March 2009, its sixth consecutive year-to-year increase.

San Diego-based MDA DataQuick said in a report released Thursday that the increase was due to a dip in sales in lower-cost inland communities and an increase in transactions within more expensive coastal markets.

The firm says the median for the nine-county area increased to $380,000 from $290,000 in March 2009, when the median hit its low for the current housing cycle. Last month’s median was up about 7 percent from $354,000 in February.

DataQuick also says about 6,990 homes were sold in the region in March, up about 40 percent from February.

Sales were up almost 11 percent from around 6,325 in March 2009.


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