by Calculated Risk on 3/13/2008 01:40:00 PM

From Peter Hong at the LA Times: Southern California home prices still dropping at record rate

The median price for a Southland home last month was $408,000, down 17.6% from a year ago, according to DataQuick Information Systems. Area home prices have now fallen 19% on average from their peaks last year.
...
About one-third of Southern California homes sold in February had been foreclosed since January 2007, according to DataQuick. A year earlier, previously foreclosed homes accounted for 3.5% of sales.

Since September, each month's sales totals have been the lowest for comparable months since 1988, DataQuick said.

And from Jon Lansner at the O.C. Register: O.C. home-sales slump hits 29 months in Feb.

O.C. homebuying has started 2008 at half 2007’s pace, according to DataQuick’s February report. Last month marks the 29th straight month that O.C. homes sales failed to beat the year-ago level.

I'll have more as soon as the DataQuick data is available online.