RIVERSIDE (CNS) - The median price of a single-family home in Riverside County jumped last month, but sales of existing homes declined, the California Association of Realtors reported Thursday, Sept. 17. The median home price countywide in August was $486,500, compared to $462,000 in July, representing a 5.3% increase, according to CAR. On a year-over-year level, the price was about 16% higher; in August 2019, the median price of an existing single-family property was $420,000, according to CAR data. Statewide, the median price last month was $706,900, compared to $666,320 in July -- up 6%. In August 2019, the median price was $617,410, reflecting a year-over-year rise of 14.5%. The median represents the point at which half of homes sell above a price, and the other half below it. CAR
Subscribe or log in to read the rest of this content.