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

Calif. median home price - August 09: $292,960 (Source: C.A.R.) (note: compared to $285,480 last month)

Calif. highest median home price by C.A.R. region August 09: Santa Barbara So. Coast $828,750 (Source: C.A.R.) (note: compared to $885,000 last month)

Calif. lowest median home price by C.A.R. region August 09: High Desert $111,770 (Source: C.A.R.) (note: compared to $110,650 last month)

Calif. First-time Buyer Affordability Index - Second Quarter 2009: 67 percent (Source: C.A.R.) (note: compared to 69 percent First Quarter 2009)

Mortgage rates – week ending 9/24/09:

• 30-yr. fixed: 5.04%; Fees/points: 0.6% (note: compared to 5.12% and 0.7% points last report)
• 15-yr. fixed: 4.46%; Fees/points: 0.6% (note: compared to 4.56% and 0.7% points last report)
• 1-yr. adjustable: 4.52%; Fees/points: 0.6% (note: compared to 4.69% and 0.5% points last report)

- California Association of Realtors & Freddie Mac