Meanwhile, the median price continued to rise and hit $345,500, an 8 percent increase from February and 23.4 percent jump from a year ago at the same time. This is the highest the median price has been since July 2008 when it was at $348,000.
"It's remarkable how much the housing scene has changed in a year," said John Walsh, DataQuick president. "At this point in 2012 there were still plenty of folks sitting on the market's sidelines, waiting to be sure the recovery was real. But gradually the psychology shifted as the economy picked up steam and mortgage rates fell to historic lows."
Robert Kleinhenz, chief economist at the Kyser Center for Economic Research, told the Inland Valley Daily Bulletin that the median price is back to where it was before the recession, which is a good sign for the area's housing market.