So. Bay Homes Fell in November


Real estate whirlpool spotted in the So. Bay.

Inquiring minds are looking upon the South Bay of Los Angeles County where YOY prices declined double-digits:

Home sales and housing prices fell in November, mirroring the statewide trend, as the residential real estate market continued to struggle to pull out of its post-bubble uncertainty.

The median price of South Bay homes sold last month – excluding Carson – fell 12.2 percent from a year earlier to $480,000, according to a report released Wednesday by the California Association of Realtors.

12.2% YOY? That is an incredible annual decline.

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