Southern California saw unit sales rise while prices dropped.

Posted on August 19, 2008. Filed under: Housing | Tags: , , , , |

Inland home sales continued to rise amid falling prices in July as bargain hunters locally and throughout Southern California bought up foreclosure properties in affordable neighborhoods, research firm DataQuick Information Systems reported Monday.

While the number of resale homes sold rose almost 50 percent in Riverside County and 25 percent in San Bernardino County, median prices in both counties dropped 35 percent from a year ago. Slightly more than 4,100 homes were sold in Riverside County at a median price of $260,000, and a little more than 2,500 properties were sold in San Bernardino County, where the median price was $230,000.

http://www.pe.com/business/local/stories/PE_Biz_S_dataquick19.3e7c8f3.html?npc

www.nationalloanaudits.com

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