The median price for a home in California broke the $400,000 barrier for the first time in the state's history as sales also reached record numbers, according to the California Association of Realtors.Home prices rose 21.1% to $404,870 in August, compared with $334,270 a year earlier. Closed escrow sales of existing single-family detached homes in the state totaled a seasonally adjusted annual rate of 645,720 in August, 14.7% higher than the August 2002 total of 562,780. CAR can be found on the Web at http://www.car.org.
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