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Foreclosures Thinning

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The latest August sales numbers from those number-crunchers at DataQuick are out: "Home sales dipped in Southern California last month, the result of a thinning inventory of foreclosure properties and financial uncertainty among potential home buyers. The median sale price edged up for the fourth month in a row, a real estate information service reported." The median sale price may be up for SoCal, but look at the year-over-year data: August 2009's median sale price in LA County was $329,500, down 13.3% from August 2008's median sale price of $380,000. On the other hand, sales volume for August was up 17.1% year to date. [DataQuick]