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Fewer homes sold in Southern California last month than in any April since 1995, DataQuick Information Systems reported today.
The 19,269 homes sold in L.A., Orange, Riverside, San Bernardino, San Diego and Ventura counties measured the lowest number since 15,303 sold in April 1995, which was the lowest rate on record since DataQuick started tracking real estate statistics in 1988.
The rate dropped 28.9 percent from the 27,114 homes sold in April 2006.
The sales losses were greatest in lower-cost neighborhoods, the La Jolla-based firm reported.
The median price across all six counties increased 6.1 percent from April 2006, reaching $505,000 last month.
San Diego County home sales, which numbered 3,436 last month, were down 13.5 percent from April 2006’s 3,974.
The overall median price dropped from $505,000 in April 2006 to $490,000 last month, a 3 percent decline.
We’ll be digging deeper into these statistics today — check back for more later.