In today's Breeze.
Home prices across the South Bay fell in October compared with the same month last year.Yet, compared with September '08, the local housing market looks to be in a somewhat better position.
The median price of South Bay homes sold in October fell 16.6 percent, to $512,500, compared with October of 2007, according to a report Tuesday by the Los Angeles-based California Association of Realtors.
However, last month's median price was higher than the $500,000 logged for September of this year. September's median price was down a more painful 27.9percent year-over-year.
The median price refers to the middle figure where half of homes sold for more and half for less.
It is unclear if October's housing numbers represent the beginning of a turnaround where a bottom in the market is forming.
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