Highest Southland April Home Sales Since ’06; Median Price Nears 5-Yr High

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    By California RealEstateRama -

    WASHINGTON, D.C. – May 14, 2013 – (RealEstateRama) — Southern California homes sold at the fastest pace for an April in seven years amid the release of pent-up demand for move-up homes and high levels of investor purchases. The median sale price rose to a 58-month high, reflecting both home price appreciation as well as the simultaneous plunge in foreclosure resales and surge in mid- to up-market buying, a real estate information service reported

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