CAR - "C.A.R. reports sales decrease 12.6 percent in January, median price of a home in California at $559,640, up 1.9 percent from year ago" (2-27-07)

“After holding steady in the range of 450,000 units on a seasonally adjusted annual basis since July of last year, home sales activity was slightly lower in January,” said C.A.R. President Colleen Badagliacco. “On a regional basis, sales fell an average of 13 percent, while median prices declined in all areas except Los Angeles, the San Francisco Bay Area, and Riverside/San Bernardino.”