So Cal Median Home Price Lower in January

DataQuick's 2/15 release puts the Southern California January median home price for 6 counties at $469,000, down 2.1 percent from November and December. January is usually a slower month for sales, but was still up from $415,000 in January of 2005, an increase of 13% overall. January 2006 had the lowest number of homes sold since January 2001. Whether or not this means an overall slowing in the market is not known just yet.