Valley home sales surge

Home sales jumped 26 percent in the San Fernando Valley in April, and more evidence emerged that the months-long price decline may be abating, a trade association said Wednesday.Gregory J. Wilcox in the Daily News.

The median price of a previously owned Valley house increased from $345,900 in March to $355,000 in April - a 3 percent jump, said the Van Nuys-based Southland Regional Association of Realtors.

While the price was 24 percent below the $464,000 median reported a year earlier, it has remained in the mid- to upper $300,000s for six consecutive months and has increased for three months in a row.