Please note:

• History shows us that last month’s buying was 24% below the average for an October since 1988.
• Last month’s sales were down 29% compared to an average month since 1988.
• October sales were up 4% vs. the previous month.  Sales between these two months have, on average, been down 4% since 1988.
• Year-to-date, O.C. homebuying is down 43% vs. the 20-year average activity.

As for last month’s pricing, the median selling prices was $420,000 — down 27% in a year. Here’s a look a how O.C. homebuying stacks up by month, over history, and how 2008 shapes up vs. the past. (For a sortable ZIP code chart, click HERE!)