Prices plummet 30% from May 2007 peak
By Roger Showley
STAFF WRITER
June 19, 2008
California housing sales were at their lowest level in 13 years last month, as prices slid 30 percent from year-ago levels, San Diego-based DataQuick Information Systems reported yesterday.
The 33,024 transactions statewide were down 6 percent from April and off 10.7 percent from May 2007. It was the worst May since 1995.
popup The statewide median price stood at $339,000, 4.2 percent below April's level and 30 percent down from the all-time peak of $484,000 in May 2007. It was the biggest year-over-year downturn for any month in 20 years of record keeping, said DataQuick analyst Andrew LePage.
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Prices plummet 30% from May 2007 peak