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Last month’s sales of new and previously owned houses and condominiums fell 12 percent to 14,027 properties from 15,945 a year earlier, said La Jolla-based DataQuick. That’s the lowest number since February 2008 when only 10,777 homes were sold.
By Gregory J. Wilcox, Los Angeles Daily News
Posted: 03/12/14, 9:47 PM PDT | Updated: 20 secs ago
Prices for sold homes increased again, but tight inventory and the continuing decline in distressed properties combined to stagnate homebuying activity across Southern California in February as sales dropped to their lowest level for the month in six years, a market tracker said on Wednesday.
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