April 24, 2024
Housing bust recovery maxing out
SOUTHLAND – (INT) – New numbers suggest that sales prices for new and resale homes are maxing out after a nearly 5-year climb out of the housing bust.

CoreLogic found that San Bernardino County, which has consistently the lowest-priced homes in Southern California, posted the fastest price gain over the past 12-months, rising more than 11 percent to just under $300,000 in September.

Riverside County gained 6.2 percent since last year, but down slightly from August.

Just over 6,000 homes were sold in the Inland Empire last month at an average of $316,375. The median price for all of Southern California was $460,000, the lowest for any month this year.

June was the highest for any month in nine years, CoreLogic reported.
Story Date: November 4, 2016
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