LA JOLLA, Calif. ( DQNews) -- Southern California home sales surged last month from November -- as they normally do -- amid relatively strong activity under $300,000 and a record share of sales to "absentee" buyers, mainly investors.But with the purchase plans of many ordinary buyers and sellers still on hold, the year-end rush couldn't lift sales above December 2010. Moreover, investors' focus on lower-cost homes helped push the median sale price back down to its 2011 low point, a real estate information service reported.
Southern California Home Sales Rise in December
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