Decline of SC housing sales continues

The Southern California housing market continued to struggle last month, with 20,074 new and existing houses and condominiums changing hands during that time.

That was an 11.6 percent increase from March but a 3.3 percent decline year-over-year, CoreLogic in Irvine reported.

Overall, it was the weakest April for housing sales since 2014, when 20,008 single-family homes and condominiums were sold.

Sales in Southern California – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties  – have fallen for the last nine months. Since 1988, when the monthly housing report began, the average change in sales between March and April has been 2.2 percent.

The median price of a home in the six-county region last month was $527,500, up 2.4 percent month-over-month and 1.4 percent year-over-year. 

In Riverside and San Bernardino counties, the median price of a home last month was $390,000 and $335,000, respectively. Those numbers represented a 1.3 percent increase in Riverside County and a .3 percent drop in San Bernardino County.

Sales were down 3.3 percent in Riverside County and 4.7 percent in San Bernardino County compared with April 2018, according to CoreLogic.