San Francisco Home Sales and Prices Up in November

San Francisco Home Sales and Prices Up in NovemberCalifornia home prices posted a ninth straight annual increase in November as buyers competed for a limited number of available properties, a research firm reported Thursday.

The median price for new and existing houses and condominiums was $291,000, up 19.3 percent from $244,000 in the same period last year, DataQuick said. The median price jumped $6,000 from October.

There were 37,481 homes sold in November, up 14.7 percent from last year, the San Diego-based firm reported.

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