Home sales in Southern California plummeted 21.4% last month from July 2009, the largest year over year drop in more than 2 years, as federal tax credits expired, The six county region saw 18,946 sales last month, compared with 24,104 in July 2009, this is according to dataquick. Also last July sales were down 20.6% from 23,871 in June .
The median home price in Southern California declined 1.7% to $ 295,000 last month comparing to June $ 300,000. Los Angeles county sales fell nearly to 6515 which is 20% from 8082 in July 2009, the median home price rose more than 5% during that period, from $ 321,000 to $ 339,000.
Ventura County sales drop 10.5% from 837 to 749 while prices dipped from 4 375,000 to $ 370,000.
Homes Sales Statistics, Tax Credit, Property Tax Value Declined, Alberto Pacheco
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