IE Business Daily Business news for the Inland Empire.
Southern California’s median home price rose seven percent in April, to $760,000, according to a report.
All of the region’s six counties – Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura – recorded year-over-year price increases during the fourth month of 2024, Irvine-based CoreLogic reported this week.
In the Inland Empire, San Bernardino County’s median home price went from $452,000 to $489,000, an increase of 8.2 percent. Riverside County went from $545,000 to $585,000 a 7.3 percent increase.
Orange County experienced the largest price increase of any county at 21.7 percent. The median price went from $985,5000 to $1.2 million in that market.
Southern California home sales increased by 11.3 percent from April 2023, with all six counties posting annual gains.
Los Angeles County recorded the largest sales increase – 14.7 percent – followed by Riverside (13.6 percent), Orange (12.4 percent), Ventura (7.5 percent ), San Diego (6.6 percent) and San Bernardino (6.3 percent) counties, according to CoreLogic.
