DQNews - Southern California Press Release

Buyers may be waiting for the price to drop, but local sales still indicate a 1-2% difference in selling vs. list price. The Southern California median home price was still $479,000, the same as November, but up 14% from December 2004. California Association of Realtors, meanwhile, still forecasts an overall increase in median price statewide for 2006, with a stronger increase in the inland areas. Still a good time with 30-year fixed mortgage rates hovering around 6% or less.