California Association of Realtors just released its report for Febuary 2009 real estate activity.

Calif. median home price - February 09: $247,590 (Source: C.A.R.) (note: compared to $254,350 last month)

Calif. highest median home price by C.A.R. region February 09: Santa Barbara So. Coast $715,000 (Source: C.A.R.) (note: compared to $900,000 last month)

Calif. lowest median home price by C.A.R. region Febuary 09: High Desert $121,970 (Source: C.A.R.) (note: compared to $127,750 last month)

Calif. First-time Buyer Affordability Index - Fourth Quarter 2008: 59 percent (Source: C.A.R.) (note: compared to 53 percent Third Quarter 2008)

Mortgage rates – week ending 3/19/09:

• 30-yr. fixed: 4.98%; Fees/points: 0.7% (note: compared to 5.15% and 0.7% points last report)
• 15-yr. fixed: 4.61%; Fees/points: 0.7% (note: compared to 4.27% and 0.7% points last report)
• 1-yr. adjustable: 4.91%; Fees/points: 0.7% (note: compared to 4.86% and 0.7% points last report)

- California Association of Realtors & Freddie Mac