Feb 15, 2012 2:04 PM by Associated Press (SR)
SAN DIEGO (AP) - A research firm reports home sales rose slightly in Southern California last month as falling prices continued to attract bargain-hunters.
DataQuick said Wednesday that more than 14,500 homes sold in a six-county region in January, up 0.4 percent from the same period last year.
The median price for new and existing houses and condos fell to $260,000, down nearly 4 percent from January 2011. It was the lowest price since May 2009.
The San Diego-based research firm says more than half of existing home sales were foreclosed on in the last year or short sales - transactions in which the price is less than what is owed on the property.
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