Home sales in California increased almost 64% last month from a year ago, thanks in large part to falling prices. Statewide, the median price tumbled 39% from March 2008, although values rose slightly from February.
All regions in the state experienced increases in month-to-month sales, with the smallest gain being 9.7% in Sacramento and the greatest at 32.2% in Riverside/San Bernardino, the California Association of Realtors reported.
Fresno County reported a 23.3% boost in sales from February to March.
Statewide, prices edged up 2.2% in March from February. In Fresno County, the increase was 9.6%.
Sign Up and Save
Get six months of free digital access to The Fresno Bee
That was the first price gain in California since August 2007, but association economist Leslie Appleton-Young said it’s too early to declare price stabilization.MDA DataQuick released March median prices for central California cities (percentage decrease from March 2008 in parentheses):
-- Fresno, $138,000, 40.3%
-- Clovis, $240,000, 25%
-- Selma, $148,500, 25%
-- Visalia, $168,000, 21.9%
-- San Luis Obispo, $522,500, 3.6%