California Home Prices Up 19% in November Over 2011

California Home Prices Up 19% in November Over 2011A research firm says California home prices posted a ninth straight annual increase in November.

DataQuick said Thursday that the median price for new and existing houses and condominiums was $291,000 last month, up 19% from $244,000 the same period last year. The median price jumped $6,000 during the month.

More than 37,000 homes sold in California during November, up nearly 15% from last year.

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