CAR - "C.A.R. reports sales decrease 31.7 percent in September, median price of a home in California at $553,050, up 1.8 percent from year ago" (10-25-06)

"We expected a fairly steep decline in sales last month compared with a year ago, when sales were near their all-time record,” said C.A.R. President Vince Malta. “Unsold inventory is holding steady, and is close to the long-term historic average typical of a more ‘normal’ market."