The South Coast is the only area in the state to report a drop in the median home price for September compared to a year ago, leading some real estate experts to say that the market is cooling.
The area posted a median price of $949,000, compared with $950,000 12 months earlier, according to the monthly report from the California Association of Realtors. While the median price flattened, sales picked up considerably in September from the month before, rising from 97 homes to 117.
And September marked the first time this year that year-over price gains have not shown a double-digit hike on the South Coast.
Posted by gandlwoods at October 31, 2004 06:44 AM