California Home Sales At 9-Year High

San Francisco HomeSales of California homes remained robust in July, with the number of houses and condos sold hitting a nine-year high for the second month in a row, a research firm reported Wednesday.

CoreLogic Inc. reported an estimated 46,065 new and existing single-family homes sold in California in July. That’s up 14.4 percent from last July, and maintains strong sales recorded in June, indicating that the state may well be climbing out of last decade’s fiscal downturn.

The statewide median sale price increased 6.4 percent from last July to $415,000, the same as in June, and the highest for any month since November 2007, when the median price was also $415,000.

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