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Home prices tick up in Southern California | HousingWire

Southern California is beginning to see signs of a tepid recovery with the median sales price in the area edging up to $290,000 in April, according to real estate analytics firm DataQuick.

Compared to the months of March 2012 and April 2011 that is a 3.6% price hike, with the median price in both of those periods hitting $280,000 in the southern part of the state.

This is the first year-over-year price increase in 16 months, suggesting home affordability levels are driving Southern California home sales along with declining inventory levels and low-cost foreclosures.

via Home prices tick up in Southern California | HousingWire.

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