- The number of new and existing houses and condominiums sold during the month plummeted nearly 18 percent compared with September 2017, according to CoreLogic.
- That was the slowest September pace since 2007, when the national housing and mortgage crisis was hitting.
- The median price of Southern California homes sold in September, $505,000, was still 3.6 percent higher than it was a year ago. That was the lowest annual gain for any month in more than three years.
So much depressing news. No more sure to go up RE news?
Allow me
Grave dancer?
SF ppl are moving to AUSTIN
LA people are moving to Dallas.
Nobody is moving to Houston?
Austin home price increased only 13k y/y.
City of Austin
• New listings for single-family homes were down by 11.3 percent year over year. Active listings were down 11.8 percent, which is partially explained by the fact that pending sales were up 4.6 percent.
• Single-family homes were spent an average of 38 days on the market, down four days from September 2017.
• The median sale price of single-family homes increased from $353,500 to $365,000.
• Growth in home sales dipped slightly year over year, falling from 708 homes sales in September 2017 to 702 last month.