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Friday, December 15, 2006

DataQuick: California Sales Lowest Since 1998

by Calculated Risk on 12/15/2006 02:59:00 PM

DataQuick reports: California November Home Sales

Click on graph for larger image.

A total of 39,200 new and resale houses and condos were sold statewide last month. That's down 8.3 percent from 42,750 for October and down 23.5 percent from a 51,250 for November 2005.

Last month's sales made for the slowest November since 1998 when 37,928 homes were sold.

The median price paid for a home last month was $469,000. That was up 0.4 percent from October's $467,000, and up 2.4 percent from $458,000 for November a year ago.
Although some areas are already seeing YoY nominal price declines (Bay Area, San Diego, Ventura), the median YoY price in California increased slightly.