California home sales drop 28% in August 

Resale single-family median home prices fell in 11 of 20 regions in California while sales dropped 27.8 percent in August compared to the same month last year, the California Association of Realtors trade group reported this week.

Median single-family existing-home prices increased 2 percent statewide in August compared to August 2006, despite falling in most regions.

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