SoCal housing market stays solid

Home sales in Southern California rose 6.6 percent year-over-year in January, with Riverside and San Bernardino counties recording gains, according to data released March 18.

Orange County posted the region’s largest annual increase in home sales, at 12.9 percent, followed by Riverside (8.7 percent), Los Angeles (8.0 percent), San Bernardino (3.7 percent) and Ventura (2.7 percent), according to CoreLogic in Irvine.

San Diego County’s January home sales – 1,678 – were identical to the number of homes sold there in January 2023.

The median sale price in the six-county region during the first month of the year was $705,000, a 5.3 percent increase from exactly one year earlier.

Riverside ($550,000) and San Bernardino ($475,000) recorded year-over-year gains of 2.1 percent and 5.6 percent, respectively. Orange County’s $1,065,00 median price, the region’s largest home price, represented a 12.1 percent annual increase.

Los Angeles County’s median price ($800,000) was a 4.6 percent year-over-year increase, followed San Diego ($802,000) a seven percent increase and Ventura County ($799,000) an 8.7 percent increase from January 2023.

All data comes from new and resold single-family homes and resold condominiums, according to CoreLogic.