Southern California home sales fall in November - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Southern California home sales fall in November

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SAN DIEGO (AP) — A research firm says Southern California home sales fell last month as investors showed less interest and the supply of properties for sale remained thin.

DataQuick said Monday that 17,283 new and existing houses and condominiums sold in November, down more than 10 percent from last year.

The median sales price in the six-county region was $385,000, rising slightly from October to match a three-month high. The median price rose 20 percent from last year — the 16th straight month of double-digit annual increases.

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