C.A.R. reports July median price increased 10.4 percent; home sales decreased 20.8 percent

LOS ANGELES, CA – August 25, 2010 – (RealEstateRama) — California home sales decreased 20.8 percent in July compared with the same period a year ago, while the median price of an existing home rose 10.4 percent from July 2009, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.