Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Although February home sales across Southern California and the San Francisco Bay Area picked up from January, they posted huge declines from a year ago and median prices tumbled. According to real estate information service DataQuick, home sales last month in the six-county Southern California region limped along at the slowest pace ever for a February -- with just 10,777 new and resale houses and condos changing hands. That's a 39 percent decrease from the 17,680 sales reported in February 2007, but an 8 percent jump from 9,983 sales in January 2008. The median price paid for a home in the region, which comprises Los Angeles, Orange, Riverside, San Diego, Ventura and San Bernardino counties, fell to $408,000 last month, down a record 17.6 percent from $495,000 a year ago. The ...