California home sales on the rise
California home sales are continuing to rise and so are prices, especially in the San Francisco Bay Area.
The research firm Core-Logic said there were 40,612 homes and condos sold in California last month — down about 2% from April but up around 2% from the year before. It’s the fourth straight month in which statewide sales have risen compared with the previous year.
The median home price was $401,000 statewide and $650,000 in the Bay Area.
The California price was down slightly from April but up nearly 3% from a year earlier. It’s the second-highest price for any month in nearly 71⁄ years.