After seeing the highest September sales pace in six years, Los Angeles housing fell into a deep sleep in October.
Home sales fell 0.4 percent compared with October 2014, according to CoreLogic. This is the first time in nine months that monthly sales have not been higher compared with a year earlier.
"Southern California home sales lost steam in October, dipping more than usual from September," said Andrew LePage, research analyst with CoreLogic. "Sales remain constrained by a tight inventory of homes for sale and lower affordability."