California home sales fall in February

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SAN DIEGO (AP) — California home prices rose slightly in February from the previous month, while low inventories kept a lid on sales, a research firm said Thursday.

The median sales price was $355,000, up 0.6 percent from $353,000 in January and up 22.8 percent from $289,000 in February 2013. It was the 24th straight annual price increase.

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