Tuesday, August 14, 2007

The lowest in 12 years!

Thank Gawd we bought when we did. It's a good time to buy!!

"Would-be home buyers continued to sit on the sidelines last month, driving down Southern California home sales to their lowest pace in 12 years and pressing down prices in the region's less-expensive neighborhoods, data released today showed.

Yet even as home sales fell 27% regionwide, the median price of all homes sold in the Southland's six counties rose 3.7%, to $505,000, in July compared to a year ago, thanks to more robust sales at the high-end of the market, according to real estate research firm DataQuick Information Systems"


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