Economic Report: California Home Prices Drop $3000 A Week In February - 03/28/08
Submitted by Doug Cunningham on March 27, 2008 - 3:06pm
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Home prices in California dropped nearly $3000 per week during the month of February. The median sales price dropped by 26 percent, the fastest decline in the country at three times the national average. According to the California Association of Realtors, Santa Barbara County saw some of the sharpest declines in home prices at an average of 39.1 percent in comparison to where they were last year.
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