California home sales and prices spring higher in April; median price posts five-year high

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    LOS ANGELES, CA – May 16, 2013 – (RealEstateRama) — Fueled by high demand and tight inventory, California home sales and prices both experienced strong increases in April, with the median price surpassing the $400,000-mark for the first time in five years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported.

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