So Cal housing prices reach record high

The median price for a single-family home in Southern California last month was $507,500, an all-time high, according to data released Wednesday.

The previous record was $505,000, which the market reached three times in 2007 and twice in 2017, Irvine-based CoreLogic reported in its monthly assessment of the Southern California housing market.

Sales of new and resale houses, as well as condominiums, totaled 19,745, a year-over-year drop of 3.8 percent.

In the Inland Empire, Riverside County’s median price of $365,000 was up 5.8 percent from December 2016, while San Bernardino County’s median – $323,000 – was an eight percent increases.

Year-over-year sales were down 4.6 percent in Riverside County but up 2.8 percent in San Bernardino County, according to CoreLogic.