Sunnyvale Real Estate home prices continue to increase...

Median price of a home in California at $561,350 in March, up 13 percent from year ago; sales decrease 15.1 percent

The median price of an existing single-family home in California increased 13 percent in March and sales decreased 15.1 percent compared with the same period a year ago, California Association of Realtors (C.A.R.) recently reported. "March is the month in which we typically see the market gear up for peak season activity, and this year is no exception," said C.A.R. President Vince Malta. "Seasonally adjusted statewide sales increased 4.9 percent compared with February and the statewide median rose 4.8 percent compared with the prior month. This is very similar to March 2005, when sales rose 4.4 percent month-to-month and the median price registered a 5.5 percent increase."

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