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Local home sales up, prices down
| Friday, Jul 25 2008 5:04 PM
Last Updated: Friday, Jul 25 2008 4:57 PM
Home sales shot up in Bakersfield during the month of June — so much so they got a nod in the National Association of Realtor’s press release Thursday — but the median price dropped, figures from the Bakersfield Association of Realtors show.
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Some 538 properties sold in June, a spike of more than 60 percent from the 333 sales recorded in June 2007, according to Linda Vernon, chief executive officer of the local association.
The median price, however, dropped to $196,000 from last June’s $280,000, a decline of 30 percent.
June’s numbers are for Bakersfield only, Vernon said, not for all of Kern County.
Statewide, sales increased 17.5 percent and median prices dropped 37.7 percent in June, the California Association of Realtors reported Friday.