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/C O R R E C T I O N -- ADVERSE WEATHER CONDITIONS HAMPER CALIFORNIA HOME SALES IN FEBRUARY/

 In LA010, "Adverse Weather Conditions Hamper California Home Sales in February," moved earlier today, we are advised by the organization that in the tablular material entitled "February 1993 Regional Sales and Price Activity" the percent change in sales activity from Jan. 93 for Calif.(sf) should read "-4.4" rather than "-8.1" and the percent change in sales activity from Feb. 92 for Calif.(sf) should read "-8.1" rather than "-4.4," as originally issued. The corrected table follows:
 FEBRUARY 1993 REGIONAL SALES AND PRICE ACTIVITY(a)
 Regional and Condo Sales Data Not Seasonally Adjusted
 Percent Percent Percent Percent
 Change Change Change Change
 in in in Sales in Sales
 Price Price Activity Activity
 Median from from from from
 Price Jan. 93 Feb. 92 Jan. 93 Feb. 92
 Calif. (sf) $190,000 -1.1 -4.2 -4.4 -8.1
 Calif. (condo) $136,500 -0.9 -1.1 -2.1 -12.0
 Region
 Central Vly. $116,130 -0.8 -4.6 -10.7 -11.6
 High Desert(b) $109,680 -0.7 -1.2 10.1 10.1
 Los Angeles n.a. n.a. n.a. n.a. n.a.
 Monterey $232,890 2.6 11.7 -16.0 -10.3
 Nor. Calif. $129,430 -9.4 -5.3 -9.8 -2.5
 Nor. Wine Co. $188,720 -0.4 -2.4 -8.9 14.6
 Orange Co. $223,640 -0.7 -3.2 -34.2 -8.8
 Palm Springs/
 Lower Desert $115,560 8.0 n.a. -12.5 n.a.
 Riverside/S.B. $135,030 1.1 -3.1 3.6 10.0
 Sacramento(c) $126,000 -2.3 -6.7 -6.7 -14.3
 San Diego $177,130 0.6 -0.2 -9.3 6.2
 S.F. Bay $243,740 -0.6 -0.2 1.1 -20.6
 Sta. Barbara(b)$223,530 6.0 3.7 -29.3 -13.8
 Sta. Clara $242,240 -1.5 -0.5 15.0 -32.0
 Ventura $202,980 -0.4 -9.1 -6.5 20.7
 (a) Based on closed escrow sales of single-family, detached homes only (no condos). Reported month-to-month changes in sales activity may overstate actual changes because of the small size of individual regional samples. Movements in sales prices should not be interpreted as measuring changes in the cost of a standard home. Prices are influenced by changes in cost and changes in the characteristics and size of homes actually sold.
 (b) Because of the small sample size in these areas, prices and activity changes may be overemphasized.
 (c) Source: Sacramento Association of REALTORS.
 NOTE: Los Angeles figures are unavailable because of incomplete data from the Beverly Hills, Culver City, Long Beach, Los Angeles, Rancho-Los Cerritos and Santa Monica Boards and Associations of REALTORS.
 sf: single-family, detached home
 Source: California Association of REALTORS
 -0- 3/25/93 C LA010
 /PRNewswire -- March 25/


CO: California Association of REALTORS ST: California IN: FIN SU:

JB-JL -- LA010X -- 9801 03/25/93 17:08 EST
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Date:Mar 25, 1993
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