DataQuick: Southern California home price up to $275,000
The Southern California median home price rose slightly in August to $275,000. That's up 2.6% from July, but still down 16.7%, or $330,000, from a year ago.
Total sales dipped about 11% below July levels. That's likely due to the backlog of foreclosed homes yet to come to market.
The full report from DataQuick is here.
-- Peter Y. Hong
Here's a video of Peter Hong talking about the numbers.