SAN FRANCISCO (AP) -- A new survey finds that the number of homes sold in California during the month of Marchhit a five-year high as prices hold steady.
Real estate research firm DataQuick reported Thursday that more than 37,000 new and existing homes and condominiums sold in the state last month.
That's almost a 3 percent rise over the same time last year and the highest number since nearly 40,000 homes sold in March 2007.
The median price paid for a home in California last month was $251,000, up less than a percent compared to a year ago.
More than half of last month's sales statewide were of homes either in foreclosure or being sold for less than what the seller owed.