SANDIEGO (AP) — A real estate tracking firm says the median price of ahome in Southern California surged 6.4 percent in June from May to thehighest level in 30 months.

MDA DataQuick of San Diego says the median pricein the six-county area hit $265,000 last month, an increase over theMay figure of $249,000.

The figure was down 26.4 percent from $360,000 a year ago.

DataQuick attributes the jump to an increasingnumber of deals above $500,000, as buyers responded to price cuts andfound it easier to secure financing.

DataQuick says more than 23,000 homes closed escrow in June, an increase of 12 percent from May and 29 percent from a year ago.

Foreclosures comprised 45.3 percent of resales last month, down from 49.7 percent in May.
   
Copyright 2009 The Associated Press.