Home Sales Continue Downward Trend

TRW Redi Property Data’s monthly housing report for Southern California shows demand through June this year running below levels of a year earlier. In Orange County, home sales were down 10.5% from the same period last year. The average price for homes sold during the first half of the year dropped 4.2%.

Number of homes sold (In thousands) Orange: (1993: 13,676) -10.5% Los Angeles: -9.9% Riverside: -12.4% San Bernardino: -16.5% Ventura: -1.8% San Diego: -10.2%

Average sales price (In thousands of dollars)

Orange: (1993: $242,640) -4.2% Los Angeles: -3.4% Riverside: -6.2% San Bernardino: -2.4% Ventura: -2.3% San Diego: -3.6% Source: TRW Redi Property Data