California Association of Realtors just released its report for June 2012 real estate activity.

Calif. median home price: $320,540 (Source: C.A.R.) (note: compared to $312,110 last month)

Calif. highest median home price by C.A.R. region: San Mateo, $825,000 (Source: C.A.R.) (note: compared to $791,670 last month, Marin)

Calif. lowest median home price by C.A.R. region: Merced, $107,000 (Source: C.A.R.) (note: compared to $119,410 last month, Merced)

California Pending Home Sales Index: June 2012: 121.4, (Compared to an index of 126.1 in May 2012)

Calif. Traditional Affordability Index - First Quarter 2012: 56 percent (Source: C.A.R.) (note: compared to 55 percent Fourth Quarter 2011)

Mortgage rates – week ending 7/19/12:

• 30-yr. fixed: 3.5%; Fees/points: 0.7% (note: compared to 3.71% and 0.7% points last report)
• 15-yr. fixed: 2.8%; Fees/points: 0% (note: compared to 2.98% and 0.7% points last report)
• 1-yr. adjustable: 2.69%; Fees/points: 0.4% (note: compared to 2.78% and 0.5% points last report)

- California Association of Realtors & Freddie Mac