by Calculated Risk on 3/16/2007 12:28:00 PM

DataQuick reports: California February 2007 Home Sales

A total of 31,228 new and resale houses and condos were sold statewide last month. That's down 3.7 percent from 32,425 in January, and down 21.3 percent from 39,676 in February 2006. A sales decline between January and February is not unusual. The year-over-year sales decline peaked last September at 34.5 percent.

Last month's sales made for the slowest February since 1997, when 28,710 homes sold. February sales from 1988 to 2007 range from 22,262 in 1995 to 48,409 in 2004. The average is 33,282.

The median price paid for a home last month was $472,000. That was up 2.2 percent from $462,000 in January and up 3.4 percent from $456,500 for February a year ago. The median peaked at $480,000 last June.