Southern California home sales take a dip
By Roger Showley
Union-Tribune Staff Writer
The six-county Southern California region, including San Diego County, experienced a rare dip in home sales in August as the low-cost-foreclosure market contracted, MDA DataQuick reported yesterday.
Sales totaled 21,502, down 10.8 percent from July, though the usual pattern is for August to be busier than July. DataQuick attributed the decline largely to a “thinning” of foreclosure sales that might fatten up again in the near future, and “financial uncertainty among potential home buyers” in the face of rising unemployment.
San Diego County, as reported yesterday, saw sales drop 13.2 percent from July to 3,306 transactions when the typical pattern, going back to 1988, was for a month-to-month increase of 3.9 percent.