Headline #1: California’s Median Home Price Hits 2011 High
The Data: Prices leveled off in early 2011 after dropping from their 2010 peaks.
Headline #2: Existing-Home Sales Jump Nearly 19% From Last Year
The Data: Using “Listings Absorbed” as a proxy for transaction counts (measured as homes that exiting the market for any reason)
And More Data: Absorptions are up and relistings are down – positive indicators for the California housing market.