Calif. median home price up 7 percent, tracking firm says |

Calif. median home price up 7 percent, tracking firm says

LOS ANGELES and#8212; A tracking firm says the median home price in California jumped 7 percent last month from May.

MDA DataQuick says in a report released Thursday that the upturn, sustained now for a second month, is the result of an increase in sales of more expensive homes.

DataQuick says the statewide median price increased to $246,000, up from $230,000 in May, but down 25 percent from $328,000 in June 2008.

The firm also says about 44,000 homes were sold statewide last month, up more than 13 percent from about 39,000 in May and nearly 26 percent from 35,200 in June 2008.

The figures marked the 12th consecutive month when sales have increased on a year-over-year basis.

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