IE Business Daily Business news for the Inland Empire.
Home sales in Southern California were up in August, according to data released this week.
A total of 23,862 new and resold homes changed hands in the six-county market last month, a 3.2 percent increase year-over-year, Irvine-based CoreLogic reported in its monthly analysis of the regional housing market.
That was highest number of home sales in Southern California for the month of August in 11 years, said Andrew LePage, research analyst with CoreLogic, in a statement.
It was also the highest number of sales for the June-through-August period during that time, LePage said.
The median price of a home in Southern California – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – in August was $500,000. That was a 7.5 percent increase compared with August 2016, and the highest median price since July 2007, when that number reached $505,000.
In the Inland Empire, year-over-year sales -in August were up 3.2 percent in Riverside County and 9.8 percent in San Bernardino County. Median prices were $365,000 in Riverside County and $315,000 in San Bernardino County, increases of 7.7 percent and 12.5 percent respectively, according to CoreLogic.
