by Calculated Risk on 11/16/2006 02:58:00 PM
Thursday, November 16, 2006
DataQuick: California Sales Lowest Since 1997
DataQuick reports: California October Home Sales
Click on graph for larger image.
A total of 42,750 new and resale houses and condos were sold statewide last month. That's up 0.7 percent from 42,450 for September and down 21.7 percent from a 54,600 for October 2005.Although some areas are already seeing YoY nominal price declines (San Diego, Ventura, Contra Costa), the median YoY price in California increased slightly.
Last month's sales made for the slowest October since 1997 when 41,850 homes were sold.
The median price paid for a home last month was $467,000. That was up 0.2 percent from September's $466,000, and up 2.9 percent from $454,000 for October a year ago.