California Home Sales Up as Prices Drop in October

California Real EstateHome sales rose in California last month, but prices fell sharply as fewer high-end properties sold.

Market researcher DataQuick said Wednesday that 34,087 homes and condos were sold in the state in October, up 4.3 percent from the same month last year but down nearly 4 percent from September.

By comparison, October sales have averaged about 43,500 since 1988. They peaked at more than 70,000 in 2003 and plunged to fewer than 26,000 in 2007.

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