Firm: California home sales down in October

I'm a little late with the data, but it's still good to know.

The estimated 32,669 houses and condos sold in the state last month represented a 1.5 percent drop from September and 20.9 percent decline from October 2009, according to San Diego-based MDA DataQuick.

The October median home price was $256,000, a drop of 3.4 percent from September and 0.4 percent from the year-earlier figure, the first year-over-year decrease in 12 months, the firm said.

The firm said 37.1 percent of existing homes sold last month had been foreclosed on in the past year. That was an increase from a revised figure of 35.6 percent in September and a decline from 40.9 percent in October 2009.

Since MDA DataQuick began keeping statistics in 1988, the lowest number of October home sales in California was 25,832 in 2007 and the highest was 70,152 in 2003.

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