Los Angeles area small business sale transactions fell slightly during the third quarter, but the median sale price rose from the previous quarter, according to data from BizBuySell.com released Wednesday.

There were 202 closed business sale transactions in Los Angeles and Orange counties during the third quarter, down from 209 transactions in the second quarter, according to data from business brokers reporting their transactions to BizBuySell.com. This year’s third quarter number was up sharply from 142 transactions during third quarter last year.

Those 202 businesses sold for a median price of $212,500, about 89 percent of the median asking price, according to BizBuySell.com. That’s up from a median sale price of $199,000 in the second quarter, which was 91 percent of the median asking price. It’s also up sharply from the median sale price of $170,000 during the third quarter of last year, which was 90 percent of the median asking price.

The businesses sold reported a median annual revenue of $469,000 and a median cash flow of $110,000, according to BizBuySell.com. That compares to median revenue of $468,000 in the second quarter and $420,000 in the third quarter of last year.

Buyers of businesses for transactions closing in the third quarter paid 70 percent of annual revenue and 2.2 times the annual cash flow, the report said.

Listings for Los Angeles/Orange County businesses on BizBuySell.com rose 1.7 percent in the third quarter to 2,433; year-over-year, listings were up 9.2 percent. Roughly 37 percent of the businesses listed were in the service sector, another 21 percent were restaurants and 26 percent were other retail.

Economy, education, energy and transportation reporter Howard Fine can be reached at [email protected]. Follow him on Twitter @howardafine.