Market Watch: South Bay home prices up 14.3%

South Bay home prices up 14.3%

From the Daily Breeze

As California and much of the nation see home prices drop, the South Bay Association of Realtors today will release local statistics that appear to buck that trend.

The South Bay's median price for a single-family home in December was $741,500, or 14.3 percent more than a year earlier, according to the group.

The statistics include new and resold homes. The median price represents the middle figure where half of all homes sold for more and half sold for less.

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