Bolstered by strong sales in higher-priced regions, California median home price records largest year-to-year gain since 1980, C.A.R. reports

LOS ANGELES, CA – June 18, 2013 – (RealEstateRama) — Strong sales growth in higher-priced markets and continued housing supply shortage pushed up California’s median home price in May, resulting in the largest year-over-year price gain in at least the last 33 years, the CALIFORNIA ASSOCIATION OF REALTORS ® (C.A.R.) reported