Southern California Home Sales, Median Sale Price Edge Lower

by 16 Feb 2011
La Jolla, CA---Southland homes sold at the slowest pace for a January in three years ? and the second-slowest in 15 ? amid record-low new-home sales, tight credit, and a persistent reluctance among would-be buyers. The median sale price dipped slightly from a year ago but fell more than usual from December as investors and others targeting lower-cost properties accounted for a larger share of sales, a real estate information service reported.

 

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