Home prices across the South Bay fell in October compared to the same month last year.
Yet, compared to September, 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 to October of 2007, according to a report Tuesday by the Los Angeles-based California Association of Realtors.
However, last month's median price was still higher than the $500,000 logged for September of this year.
Furthermore, September's median price was down a more painful 27.9 percent 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.
On the city and community level, Torrance, Redondo Beach and San Pedro also saw lower year-over-year percentage price drops in October compared to September, according to the CAR report.
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