California home sales rose in October; highest sales tally for month in 2 years

Economic Indicators Associated Press

A research firm says California home sales continue to climb — with the October sales tally reaching the highest it has been for that month in two years.

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CoreLogic DataQuick reported Thursday that an estimated 36,830 new and resale houses and condos sold statewide in October 2014. That was up 1.4 percent from September, and up 1 percent from October 2013.

The firm says statewide sales have inched up on a year-over-year basis for two consecutive months.

But prices have cooled since this summer, though they are still higher than the same time a year ago.

The median price paid for a home in California in October was $382,000, down 1.8 percent from $389,000 in September and up 7 percent from $357,000 in October 2013.