Home sales increased 35.2 percent, median home price declined 30.4 percent in May.
Quick Facts:
· Existing, single-family home sales
increased 35.2 percent in May to a seasonally adjusted rate of
556,590 on an annualized basis
· The statewide median price of an existing single-family home increased 4.2
percent in May to
$267,570, compared with April 2009
· C.A.R.’s Unsold Inventory Index fell to 4.2 months in May, compared with 8.7
months in May 2008
