Worth noting in business: Home prices fall amid lower supply, even lower demand

A modest decline in Bakersfield's supply of existing, single-family homes failed to keep up with a much larger drop in demand last month, contributing to a 1.7 percent decrease in the city's median sale price, appraiser Gary Crabtree reported.
Calling the data further evidence of an end-of-year shift to the off-peak season, Crabtree's preliminary market report for November cited a 2.9 percent, month-over-month decrease in listings, to 1,237. Clo