State home sales slowest since ’88
Housing data show the median price of a home in California plunged 31.5% in June, compared with the same month last year, as languishing properties began settling for less, a real estate tracking firm said.
DataQuick Information Systems said the median price for new and resale homes and condos stood at $328,000 last month, down from $479,000 in June 2007.
A total of 35,202 homes were sold statewide in June, down 8.1% from a year earlier and the lowest June number since DataQuick began tracking sales in 1988.
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