INLAND EMPIRE – (INT) – There seems to be no easing in the upward sales prices of new and re-sale homes in the two-county region.

Other than a few momentary pauses, February marked the 71st consecutive month of increases that began in early 2012.

CoreLogic reports the average Inland Empire home sold for $355,750 last month. San Bernardino County homes were up 16 percent from a year ago. Riverside County rose 8.7 percent.

“The ongoing mismatch between housing supply and demand suggests continued upward pressure on prices, but if mortgage rates keep edging higher some of that pressure would be relieved as more buyers are priced out of the market,” said Andrew LePage, research analyst with CoreLogic.

When adjusted for inflation, February’s median sales prices were 14.3 percent below the peak of 2007, LePage figured.

Story Date: March 25, 2018