29_35x90 knx_35x90

Local

Home Prices, Sales Down In Feb From Year Ago

View Comments
(credit: AP)

(credit: AP)

Photo Galleries

LOS ANGELES (AP) — Home prices and sales dipped in California from year-ago levels as “short sales” and sales of foreclosed homes accounted for more than half of home resales in the state.

San Diego-based DataQuick Information Systems said Thursday that the median price paid in the state last month was $244,000, down 2 percent from $249,000 in February 2010.

The median is up about 2 percent from $239,000 in January.

Home sales in February dipped nearly 3 percent to about 27,300 from around 28,100 in February 2010. Sales were down over 1 percent from 27,700 in January.

Foreclosures made up more than 40 percent of last month’s sales.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus