Prices and Sales Volume Up in Southern California

Prices and Sales Volume Up in Southern California

Year-over-year prices were up 6.2% in April to a median of $429,000 in Southern California. Sales volume climbed 8.5%. At the current pace, there is 3.6 months of inventory in the market. A 6-month supply is generally considered a balanced market. While the rate of price appreciation has picked up from a period of stagnation earlier this year, it has also moderated from the blistering pace of two years ago. Nevertheless, there could be some upward pressure on prices due to the low inventory in the marketplace unless supply, both new and resale, comes online to meet the demand.

Read More

Previous The New Home Company Under Contract for $250M+ of Prime OC Land
Next City of Industry Plans to Sell Large Parcel in Chino Hills

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

How a Return to Multigenerational Living is Shifting the Housing Market

Shifts in senior living, immigration, and affordability have brought extended families together under the same roof

Housing Market 0 Comments

Are High Prices Killing Sales?

Anybody in the trenches of the housing market can attest to 2014 being a lackluster year across Southern California with limited exceptions. This article in LA Curbed talks about the

Housing Market

OC New Home Market Takes a Breather

It appears that the pace of new home sales in Orange County is pulling back from its once rapid pace. With a low supply and strong demand dynamic, homebuilders had