
For the whole year, prices were up 5.7% to $486,000, and sales fell 19.4%. In 2005, the median price rose 16.5% from the year before. Sales slipped 0.4%.
"If you take last year's data and put it anywhere else, you would have said it was a banner year," said Patrick Lashinsky, executive vice president of ZipRealty Inc., an Emeryville-based online brokerage that operates in Southern California. "The only reason it doesn't look as strong is because we're coming off these irrationally exuberant years."
Click here for the LA Times story.

No comments:
Post a Comment