Although the median price of an existing home in California in September increased 21 percent from its year-ago level, prices retreated from August's high, the California Association of Realtors reported today. The median price of an existing, single-family detached home in California during September 2004 was $465,540, a 21 percent increase over the revised $384,690 median for September 2003, C.A.R. reported. The September 2004 median price decreased 1.7 percent compared with a revised $473,360 median price in August. Closed escrow sales of existing, single-family detached homes in California totaled 626,220 in September at a seasonally adjusted annualized rate, down 0.9 percent from the 631,880 sales pace recorded in September 2003. The statewide sales figure represents what the tot...
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