Southern California sees first drop in housing prices in 7 years

LOS ANGELES (CNS) — The median price of a Los Angeles County home rose by 2.1 percent in March, compared to the same month a year ago, despite median prices across Southern California dropping for the first time in seven years, according to figures released Friday.

According to the CoreLogic real estate information service, the median price of a Los Angeles County home was $597,500 in March, up from $585,000 in March 2018. A total of 5,749 homes were sold in the county, down from 6,801 during the same month a year ago.

In Orange County, the median price was $720,000 in March, down 0.7 percent from $725,000 in March 2018. The number of homes sold went from 3,278 in March 2018 to 3,347 last month.

abc7.com/realestate/southern-california-sees-first-drop-in-housing-prices-in-7-years/5273314/