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The median home sale price in six Southern California counties was $370,000, down from $505,000 a year earlier, according to DataQuick Information Systems. DataQuick said that was the biggest annual decline it has recorded since it began tracking prices in 1988 ..

Sales of post-foreclosure homes continue to dominate many inland markets. Of all the Southland homes resold in May, 37.4% had been foreclosed on at some point in the prior 12 months, compared with a revised 36.2% in April and 5.5% one year ago. Across the six-county area, these "foreclosure resales" ranged from 25.6% of resale activity in Orange County to 56.6% in Riverside County.