South Bay homes continued their price slide in July amid a statewide upsurge in sales, according to a report released Monday.
The South Bay's median home price fell 13.4 percent in July to $597,250, compared to the same month a year ago, according to a report by the Los Angeles-based California Association of Realtors.
The South Bay outperformed Los Angeles County, whose median fell 27.3 percent to $400,000.
The median price is the middle figure where half of homes sold for more and half for less.
Also in July, the Los Angeles region saw a 33.6 percent increase in sales as foreclosures brought home prices within reach of many buyers.
"Deeply-discounted, distressed sales continue to drive volume in many regions of the state," CAR president William E. Brown said in a statement.
July also was the first full month that higher $729,000 conforming loan limits for federally-backed mortgages went into effect.
Selling was so brisk that Lawndale sold at least 30 homes in July, the first time the city has seen such activity since August of last year.
The CAR report does not report a community's sales if they are less than 30 in a month.
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