INLAND EMPIRE – (INT) – Riverside and San Bernardino counties continue to outpace Southern California in the run-up of home prices.

The average Inland Empire home sold for $328,000 last month, a full 8.5 percent above a year ago. The Southern California rate was 6.2 percent.

The median price paid for all Southern California homes sold in April was $485,000, the highest for any month since August 2007 when it was $500,000. The median remains around 20 percent below record levels from more than a decade ago.

The number of new and previously live-in homes in the Southland fell by about 1,000 during April. CoreLogic said sales of newly built homes – detached houses and condos combined – were about 39 percent below the long-term April average.

Story Date: May 30, 2017