BUSINESS BRIEFING / REAL ESTATE
- Share via
Single-family home prices in California dropped 7.3% in September from a year earlier, helping boost the number of houses sold, the California Assn. of Realtors said.
The median price for a previously owned detached house fell to $296,090 from $319,310 a year earlier, the Los Angeles group said in a statement. The price rose 1.1% from August, the seventh consecutive month-over-month increase.
Sales of foreclosed homes accounted for 42% of transactions involving previously owned properties in California in August, research company MDA DataQuick said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
