Southern California Home Prices Remain Flat Even As Home Sales Rise

LOS ANGELES — Southern California home sales rose 20.5 percent last month over November, but prices stayed flat as dormant new-home sales and tight credit conditions weighed the market toward lower-cost properties, a tracking firm repo…

LOS ANGELES — Southern California home sales rose 20.5 percent last month over November, but prices stayed flat as dormant new-home sales and tight credit conditions weighed the market toward lower-cost properties, a tracking firm reported Tuesday.

San Diego-based MDA DataQuick said 19,528 homes sold last month in the six-county area, up from 16,208 in October but down 12.5 percent from 22,328 in the year-ago period.

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