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|November 20, 2017|
Home prices near pre-recession levels
INLAND EMPIRE – (INT) – Average sales prices for new and previously lived-in homes are closing in on the peak that was reached before the housing bust more than a decade ago.
The Southern California average of $505,000 in September rose 9.8 percent from a year ago and matches the pre-recession levels. But, Inland Empire prices have yet to reach the numbers of late 2006. Combined, Riverside and San Bernardino county homes sold for an average of $342,500 during September. CoreLogic says that’s about 15 percent below the peak.
Meantime, the number of Southland home transactions in September slowed to the slowest pace for that month in three years, CoreLogic reported Tuesday.
Story Date: November 16, 2017