Industry NewsMarkets & Economy

High-end sales boost home prices

More 'jumbo' sales in S.F., L.A. regions
Published on Jun 19, 2009

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by CareyBot

A pickup in sales of homes financed by jumbo loans in May helped boost median home prices in the San Francisco Bay Area and the "Southland" region surrounding San Diego and Los Angeles, MDA DataQuick reported.

In the nine-county San Francisco Bay Area, the median home price was up 12.3 percent from April to May, to $341,500, DataQuick said -- an 18 percent increase from the low of $290,000 seen in March.