Foreclosures Help Drive Up Home Sales

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(Sacramento, CA)
Thursday, November 20, 2008

DataQuick says the median price for homes and condos dropped to $195,000 last month…down from nearly $300,000 a year earlier.

There were 2,717 homes and condos sold in the Sacramento area last month…up 108% from October of 2007.

Foreclosures accounted for well over half of last month’s home sales.