california home sales, median fall in august

"An estimated 39,811 new and resale homes and condos sold in the Golden State last month, down 11.7 percent from July, but up 4.8 percent from a year ago, according to DataQuick. Sales have increased on a year-over-year basis for 14 months now, but last month’s total was a far cry from the 73,285 sales seen in August 2005, before things went bust."