California's battered housing market improved in June as an increase in pricier homes selling in Southern California and the San Francisco Bay Area helped push up a key measure of home price strength.
The state's median home price rose 1.5% from the prior month and increased 8.3% from June 2011, according to San Diego real estate firm DataQuick. The median is the point at which half the homes sold for more and half for less.
It was the fourth consecutive month that the median rose year over year.
DataQuick President John Walsh, in a news release announcing Bay Area statistics Wednesday, characterized the market as similar to 2009, "only in reverse."
"Instead of foreclosure resales soaring they're waning, and instead of high-end sales slumping they're posting some of the larger sales gains," Walsh said. "This is one of the main reasons that various price measures are pointing higher — a so-called change in market mix."