The South Bay's housing market continued a steep slide, mirroring statewide and nationwide trends, according to a report released Tuesday.
In December, Home prices fell 22.4 percent in the South Bay, compared to a year earlier. That brought the median home price to $510,000, from $657,500, according to the report by the Los Angeles-based California Association of Realtors.
The median price is the middle figure where half of homes sold for more and half for less.
The South Bay fared better than the county as a whole, which suffered a 32.6 percent drop in price to $320,000, CAR reported.
California's decline in home prices was 41.5 percent, although that figure counted only single-family resale homes.
The poor home price figures were posted despite a robust 84.9 percent rise in the state's home sales, driven largely by foreclosures and short-sales.
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