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Joined: Jun 2004
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Administrator Bionic Scribe
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Sales of Southern California houses in November fell by 43% from the year before, while median prices fell 10%, a real estate information service reported today.
The price decline was the sharpest -- and November sales level the lowest -- in 20 years, according to DataQuick Information Systems.
November home sales in Los Angeles, Orange, Riverside, San Bernardino, Ventura and San Diego counties have averaged 22,749 units for the last 20 years. Last month, 13,173 houses and condominiums were sold in the region.
The Southern California median home price of $435,000 is on par with what prices were in early 2005, or off 14% from a peak of $505,000 earlier this year.
But there was one potential bright spot in the numbers: November sales climbed slightly from October, by 2%. November sales historically fall from October levels, a decline averaging 7.4% over the last 20 years, DataQuick reported.
Life is a banquet -- and most poor suckers are starving to death -- Auntie Mame
You are born naked and everything else is drag - RuPaul
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