YOUR AD HERE »

California’s median home price down 6 percent

The Associated Press

LOS ANGELES (AP) – A tracking firm says California’s home prices declined in September from their year-ago levels for a 12th consecutive month with bargain-priced short sales and foreclosures making up more than half of all transactions.

San Diego-based DataQuick says in a report Friday that the median home price in the state declined 6 percent last month from $249,000 from $265,000 in September a year ago.

The bottom of the current cycle was $221,000 in April 2009, while the peak was at $484,000 in early 2007.



Home sales were down 6.7 percent to 35,404 from 37,734 in August. A decline from August to September is normal for the summer season.


Support Local Journalism

Support Local Journalism

Readers around the Lake Tahoe Basin and beyond make the Tahoe Tribune's work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.