California Home Sales Fall 14%
California home sales
San Diego-based MDA DataQuick said in a report released today showed home sales in Southern California fell nearly 14% last month from August 2009 to reach their lowest level for the month of August since 2007.
Also this same report said the median home price in Southern California rose about 5% last month from August 2009. August’s median of $288,000 was up from the year-ago figure of $275,000 but down about 2% from $295,000 in July.
Foreclosures accounted for approximately 35% of August’s sales.
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