Southern California home sales hit 10-year low
Tuesday, November 14th, 2006Home sales in Southern California were down for the 11th straight month in October, slowing to the weakest sales pace in a decade, a real estate information service reported today.
A total of 22,117 new and resale homes sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, down 2.4 percent from 22,654 in September, and down 22.4 percent from 28,489 for October a year ago, according to DataQuick Information Systems.
DataQuick reported that last month’s sales count was the lowest for any October since 1996 when 18,505 homes were sold, as sales for the month have ranged from 14,608 in 1991 to 32,522 in 2003.
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