Industry NewsMarkets & Economy

Dramatic drop in California home prices

Real estate brief
Published on Sep 18, 2008

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by CareyBot

While Southern California home sales were 30 percent below average for the month of August, transactions were up 9.1 percent from a year ago, real estate information service DataQuick reported today. That's the only good news, as the area's median home price tumbled a record 34 percent year-over-year in August.