Southland home sales ease but still beat '07; median falls
below $300K
Southern California home sales outpaced last year for the
fifth consecutive month in November, when 55 percent of buyers
in the resale market chose repossessed homes. The abundance of
discounted foreclosures helped push the median sale price down
a record 35 percent from a year ago, a real estate information
service reported.
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Southern California Dec 2008 Home Sales
An
estimated 37,836 new and resale houses and condos were sold in
California last month. That was up 17.6 percent from 32,163 in
November and up 47.9 percent from 25,585 for December 2007.
Sales have increased on a year-over-year basis for the last
six months. California sales for the month of December have
varied from last year's low to a peak of 66,503 in 2003, while
the average is 44,844.
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Southern
California Home Sale Statistics 2008 See
2008 city by city statistics for Southern California home
sales.
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