Good news for many California homeowners, hundreds of thousands of whom have been underwater on their mortgages, prices are increasing. The statewide median price of an existing SFR was $345,000 in September compared to $343,820 in August. The September number was 19.5 percent above the median price of $288,700 in September 2011. This was the seventh consecutive month that median prices increased both year-over-year and month-over month and was the highest since August 2008 when the median price was $352,730
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