“La Jolla, CA—Southern California home sales held at a three-year low last month amid a sluggish move-up market and record-low sales of newly built homes. The median sale price fell year-over-year by the largest amount in 20 months as buyer uncertainty, tight credit and lackluster hiring continued to restrain housing demand, a real estate information service reported.”
http://www.dqnews.com/Articles/2011/News/California/Southern-CA/RRSCA110613.aspx