The Southland’s housing recovery held its ground in June as home sales rose, fueled by government tax incentives, but the median home price dropped a notch from May.

The median price for all new and resale single-family homes, condominiums and town homes was $300,000 in June, according to research firm MDA DataQuick of San Diego. Although that was a 1.6% drop from May, it represented a 13.2% increase from the prior year, marking the seventh consecutive month of year-over-year increases.

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Filed under: Industry and Economic News on July 14th, 2010