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

Calif. median home price - May 09: $267,570 (Source: C.A.R.) (note: compared to $256,700 last month)

Calif. highest median home price by C.A.R. region May 09: Santa Barbara So. Coast $875,000 (Source: C.A.R.) (note: compared to $840,000 last month)

Calif. lowest median home price by C.A.R. region May 09: High Desert $106,210 (Source: C.A.R.) (note: compared to $106,530 last month)

Calif. First-time Buyer Affordability Index - First Quarter 2009: 69 percent (Source: C.A.R.) (note: compared to 59 percent Fourth Quarter 2008)

Mortgage rates – week ending 6/25/09:

• 30-yr. fixed: 5.42%; Fees/points: 0.7% (note: compared to 4.91% and 0.7% points last report)
• 15-yr. fixed: 4.87%; Fees/points: 0.7% (note: compared to 4.53% and 0.7% points last report)
• 1-yr. adjustable: 4.93%; Fees/points: 0.7% (note: compared to 4.69% and 0.6% points last report)

- California Association of Realtors & Freddie Mac