An estimated 31,403 new and resale houses and condos were sold in Calfornia last month, according to MDA DataQuick. That was down 3.9 percent from 32,669 in October, and down 12.4 percent from 35,860 for November 2009.
For MDA DataQuick’s full breakdown for the month of November visit:
http://www.dqnews.com/Articles/2010/News/California/RRCA101216.aspx
The median price paid for a home last month was $255,000, down 0.4 percent from $256,000 in October, and down 2.3 percent from $261,000 for November a year ago. The year-over-year decrease was the second in a row after eleven months of increases.
Of the existing homes sold last month, 37.8 percent were properties that had been foreclosed on during the past year, said MDA DataQuick. That was up from a revised 36.7 percent in October and down from 40.1 percent in November a year ago. The all-time high was in February 2009 at 58.5 percent.
Alex Lazo at the Los Angeles Times also did a story on the November numbers that brings in a few more voices. Visit: http://www.latimes.com/business/la-fi-home-sales-20101217,0,7438765.story