by Calculated Risk on 6/20/2006 03:22:00 PM

DataQuick reports: Southland home sales slow to 1999 pace, prices leveling off

Home sales in Southern California slowed for the sixth month in a row, making last month the slowest May since 1999. Homes are appreciating in value at their slowest pace in almost six years ...
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While last month was the slowest May since 1999 when 25,404 homes were sold, sales were still above the May "average" May of 24,857 (going back to 1988). The strongest May was in 2002 when 32,391 homes were sold, the slowest was in 1993 when 15,001 were sold.

According to DataQuick, prices for Southern California remained unchanged from last month, and up 6.4% from May 2005.

UPDATE: LA Times on DataQuick report: SoCal Home Sales Decline