Prices are actually up even though sales are down!

The numbers are out from the California Association of Realtors, and even though sales are down due to a high number of houses on the market, the prices of closed sales are up overall in Southern California. So while talk of a buyer's market is on everyone's lips, I wouldn't expect to find many bargains. I'm seeing a few sellers dropping prices, but only if they're in a real hurry.

You can look at the numbers at the following site:


http://www.car.org/index.php?id=MzY0MzY=