|
March 28, 2024 |
Declining affordability weakens home sales INLAND EMPIRE (INT) Decreasing inventory and declining affordability is impacting home sales across Southern California.
CoreLogic reports a sales decline of 2.5 percent for the Inland Empire during May when compared to a year ago. Yet, sales prices keep rising. The average Inland Empire home sold for $358,500, a gain of $26,000 since May 2017. Across the 6-county Southern California region, the median sales price of $530,000 was a record. CoreLogic analyst Andrew Page noted that with the worsening situation for potential buyers, The number of homes sold has fallen during three of the last five months. Story Date: June 26, 2018
|