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NorCal Home Sales Rise 12% In July

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Aug 21, 2009 10:37 am US/Pacific

NorCal Home Sales Rise 12% In July

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  A tracking firm says the median home price in Northern California rose more than 12 percent last month from June.

San Diego-based MDA DataQuick said Friday the increase was due to the sale of higher priced homes and fewer sales of foreclosures.

The firm says the median for the nine-county area rose to $395,000 last month from $352,000 in June, marking the fourth consecutive month that prices increased.

A total of 8,771 homes were sold in July, up more than 15 percent from July 2008.

Last month's sales were the highest in four years for July.

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