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

Calif. median home price - June 09: $274,740 (Source: C.A.R.) (note: compared to $267,570 last month)

Calif. highest median home price by C.A.R. region June 09: Santa Barbara So. Coast $850,000 (Source: C.A.R.) (note: compared to $875,000 last month)

Calif. lowest median home price by C.A.R. region June 09: High Desert $108,600 (Source: C.A.R.) (note: compared to $106,210 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 7/23/09:

• 30-yr. fixed: 5.2%; Fees/points: 0.7% (note: compared to 5.42% and 0.7% points last report)
• 15-yr. fixed: 4.68%; Fees/points: 0.7% (note: compared to 4.87% and 0.7% points last report)
• 1-yr. adjustable: 4.77%; Fees/points: 0.7% (note: compared to 4.93% and 0.7% points last report)

- California Association of Realtors & Freddie Mac