PE News
on January 19, 2010 10:45 AM

The median home sales price declined in December in both Riverside and San Bernardino counties, and the pace of sales began to slow for the first time in more than a year, a real estate research form reported today.

MDA DataQuick reported that the median sales price of a home in Riverside County fell to $196,000 last month, down from $200,000 in November. In San Bernardino County, homes sold for a median price of $154,000 after having risen to $160,000 in November.

Prices had been creeping up for about six months, indicating that plummeting real estate values in Inland Southern California had been stabilizing. Median prices are 6.2 percent lower in Riverside County than they were a year ago, and 14.4 percent lower in San Bernardino County.

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