January numbers, worse than ugly

The numbers for January were released today from DataQuick. As expected they are bad, really bad.

Southern California home sales dipped below 10,000 transactions for the first time in more than 20 years last month. Last month's sales total was the lowest for any month in DataQuick's statistics, which go back to 1988

A total of 9,983 new and resale houses and condos were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties in January. That was down 24.6 percent from 13,240 for the previous month, and down 44.9 percent from 18,128 for January last year.

Here's the IE numbers


...........2007(sales)..2008 .. %chg . 07 median. 08 med..%chg

Riverside... 3,089... 1,939.. -37.2%.. $415k... $331k.. -20.1%
San Berdu... 2,373... 1,111.. -53.2%.. $370k... $298k.. -19.3%