Cal­i­for­nia home sales on the rise

Los Angeles Times - - BUSINESS BRIEFING -

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.

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