Homes Sales Down But Prices Still Rising In SoCal

CALIFORNIA — A drop in the number of home sales across Southern California has not kept home prices from increasing year-over-year, according to property data website CoreLogic.

Sale prices in the six-county region were up 5.5 percent year-over-year for September, from a median of $725,000 in 2023 to a median of $765,000 in 2024, according to a market update from CoreLogic. The number of sales in September 2024 was down 5.9 percent year-over-year, from 13,353 in September 2023 to 12,563 a year later, the update said.

Orange County saw the highest price spike at 11.6 percent with a median sale price of $1.18 million, while Ventura County had the lowest increase at 1.2 percent with a median price of $820,000, according to CoreLogic.

Sale volume declined the most in San Bernardino County, where it was down 18.2 percent year-over-year from September 2023, according to CoreLogic, which reported that Los Angeles County was the only place to see growth, with sales up 1.5 percent.