CA: Southland Home Sales Up, Prices Down Again in October

Southland Real EstateSouthland home sales rose slightly in October compared with a year earlier but were still nearly 30% below the long-term average, while median sales prices dipped reports on housing in California and in the Southern California regions issued on Tuesday shows.

The region’s median sale price dipped to its lowest level since January as activity above $500,000 fell sharply, distressed property sales rose slightly, and mortgage availability worsened, a real estate information service reported.

A total of 16,829 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in October.

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