California home prices surged to their highest level in more than five years last month as demand outpaced a thin supply of properties, a research firm reported Thursday.
A research firm says the Bay Area’s median home price surged 17 percent in just one month, to pass the half-million dollar mark for the first time in five years.
A survey shows U.S. home prices rose 10.5 percent in March compared with a year ago, the biggest gain since March 2006.
The real estate tracking firm DataQuick reported Thursday that San Francisco Bay area home sales dipped in February compared to the previous month and the year-earlier period.
Northern California has posted its strongest home sales for January in six years but researchers say the market’s still far from normal.
A research firm says San Francisco Bay area home prices rose last month at the fastest clip in more than 20 years.
A research firm says San Francisco Bay area home prices in November were up more than 20 percent from last year as buyers competed for scarce supplies.
A research firm says California homes prices rose during September to new a four-year high as the supply of foreclosed homes for sale dwindled.
DataQuick said Friday that nearly 8,600 new and existing houses and condominiums were sold in the nine-county region last month, up more than 14 percent from the same period last year.
Home prices in the San Francisco Bay Area approached four-year highs last month as buyers snapped up more expensive properties, according to a San Diego-based research firm.