Declining Prices Spark Huge Gains in Sales
February 23, 2009
Southern California saw its median housing price fall 40 percent in January to $250,000, spurring a 52.5 percent increase in sales of new and previously owned houses and condominiums, according to MDA DataQuick. The six-county area includes Los Angeles County, where the median sales price dropped to $300,000, its lowest point since April 2003; however, [...]
