Is this noise or have we reached a bottom in price declines? One month of price increases is encouraging.
Sales data for Riverside County, CA show the first monthly increase in the median home sale price. The median price of homes sold in October was $245,000. This represents a $5,000 increase in the median home sale price over September which was $240,000. Home prices have been declining steadily in Riverside County. The peak median home sale price in Riverside was $427,000 back in August 2006.