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median home prices in southern california: Investors push Southern California home sales higher - 01/17/12 05:35 PM
Dataquick stated that investors have pushed home sales in Southern California apx. 14% higher in December than November. The real estate research firm also reported that there were a total of 19,247 resale, new homes and condos sold in Southern California California area in December. 
Demand grew for homes priced under $300,000. The fact that more lower-cost homes were sold during the period pushed the median Southern California sales price down to $270,000, compared to $275,000 a month earlier.
The median home value in the area fell 46.5%, when compared to the medain price of $505,000 in mid-2007.
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