Home prices held steady in July, but fewer buyers were in the market.
The Northern San Joaquin Valley recorded a steep drop in property sales, likely because a federal tax credit for buyers expired. Job losses also are taking a toll on the housing market with unemployment tamping demand for homes.
In Stanislaus County, 641 homes sold last month, down from 839 in June and 889 in July 2009.
Stanislaus' median sale price last month was $140,000, up $500 from June and unchanged from July 2009, DataQuick reported.
The county's median price peaked at $396,000 in late 2005 and has hovered around $140,000 for most of the past 20 months.
California sales totaled 35,202 homes last month, compared with 43,964 in June and 45,079 a year earlier.