INLAND EMPIRE – (INT) – The run-up in home prices that began early last year may be running out of steam.

San Bernardino County has shown the fastest increase in Southern California – more than 32 percent the past 12-months.

DataQuick’s Andrew LePage discussed current factors in the housing recovery.

“There are fewer investors and cash buyers out scouring the market. Mortgage rates have risen a percentage point or more since May. And, there’s more inventory with more homes to choose from.”

LePage says realtors are no longer getting multiple offers and homes are staying on the market longer. Sellers will have to ‘get realistic’ by dropping their asking prices, LePage said Wednesday.

Across Southern California, median sales prices are still 24 percent below the peak that was reached in 2007.

Story Date: October 19, 2013