Tuesday, October 13, 2009

Price`s Holding!

"A tracking firm says the median home price in Southern California held steady last month from August, at $275,000.
San Diego-based MDA DataQuick reported Tuesday that the median price in the six-county region of Southern California was 11 percent lower than the September 2008 median price of $308,000. That price is the median's lowest year-over-year decline since November 2007.
Sales were up two-tenths of a percent from August to September. The firm says sales were bolstered by late-closing summer transactions, low mortgage rates and buyers hoping to take advantage of a soon-to-expire tax credit.
In Orange, San Diego and Ventura counties, the median prices paid for resale houses increased for the first time since at least August 2007."

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