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San Fernando Valley sees record-low home sales—even as prices drop

San Fernando Valley sees record-low home sales-even as prices drop

Homes in the San Fernando Valley are selling like the opposite of hotcakes lately. In February, buyers purchased just 266 single-family houses in the entire region, according to a new report from the Southland Regional Association of Realtors. That’s the lowest number of sales recorded in any month since the organization began keeping track in 1985.