• Font Size    
E-mail

Close Window E-mail This Page

SoCal Home Sales, Median Price Plunge In October

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +   
Nov 14, 2007 10:18 am US/Pacific

SoCal Home Sales, Median Price Plunge In October

 CBS News Interactive: Eye On The Economy

(AP) A real estate research firm said home sales in a six-county region of Southern California plunged last month to the lowest level for October in more than 20 years.

DataQuick Information Systems also revealed the median price declined from a year ago in Los Angeles, Ventura, Orange, Riverside, San Bernardino and San Diego counties.

In all, 12,999 homes were sold in October, down 45.3 percent from 23,745 in the year-ago month.

Sales increased 4.4 percent from September.

It was the slowest October since DataQuick began keeping records in 1988. The previous low came in October 1992, when 16,887 homes were sold.

The October sales average was 24,725 homes.

The firm said the region's median home price for the month fell to $444,000, down 3.9 percent from September and 8 percent from October 2006.


(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

© MMIX, CBS Broadcasting Inc. All Rights Reserved.