Southern California Median Home Price Down Slightly in October

At $454,000, the Southern California median home price was down .2 percent in October, but up 14.9 percent from October of 2004. Overall sales for October for condos and single family homes are lower as well, not unusual for the time of year, but also slightly lower than October 2004. Long Beach inventory is taking longer to go into escrow for some areas, and longer overall. This median home price should not be confused with the statewide median price which was $543,980 as of September according to the California Association of Realtors.