Big bump in prices and homes

The latest real estate report from appraiser Gary Crabtree shows a big bump in prices and home sales in Kern County.
BAKERSFIELD, CA -- The latest real estate report from appraiser Gary Crabtree shows a big bump in prices and homes sales here in Kern County.

Crabtree says homebuying is entering its prime season with more homes listed for sale and an increase in homes sold. The median price bumped up nearly 6 percent in May from April to a little more than $209,000.

Crabtree says that's a more manageable increase compared to last year's 30-percent hike in prices.  Still, he says only one half of the median income families can afford a median priced home in the Bakersfield market.

While more homes are receiving multiple offers more buyers are asking for help with closing costs.

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Bakersfield, CA

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