Home sales plunge in Southern California to lowest level since 2007, as prices inch up
by Andrew Khouri, Los Angeles Times
Jan 31, 2019
3 minutes
The housing market's chill grew colder in December, as sales plunged across Southern California and home prices barely rose.
The number of closed deals fell 20.3 percent compared with a year earlier, hitting the lowest level for a December since the start of the Great Recession and marking the sharpest percentage drop since 2010, according to a report out Wednesday from CoreLogic.
The six-county region's median price, meanwhile, inched up 1.1 percent from a year earlier, to $515,000.
The 12-month price increase is the smallest
You’re reading a preview, subscribe to read more.
Start your free 30 days