A continued shortage of available homes for sale lowered California home sales in September, while the median price reached the highest level in more than four years, the Arcadia Association of REALTORS (A.A.R.) reported based on information gathered from the California Association of REALTORS.

According to the Arcadia Association of REALTORS (A.A.R.) California’s housing market will continue to recover in 2013, as home sales are forecast to increase for the third consecutive year and the median price to rise for the second straight year. This information was gathered from the “2013 California Housing Market Forecast,” released this week by the California Association of Realtors.

California home sales declined in August but continued to maintain a strong pace, recording five consecutive months of year-over-year sales gains, while the median price reached a four-year high, the Arcadia Association of Realtors (A.A.R.) reported.

LOS ANGELES (CNS) – The number of Los Angeles County homes slipping toward foreclosure dropped by 6.1 percent in the second quarter of 2012, compared to the same period last year, a real estate information service reported today. Lenders sent default notices to 10,568 homeowners in Los Angeles County in the second quarter, down from the 2011 second-quarter [...]