Are Home Prices Going Down In Southern California

Are Home Prices Going Down In Southern California. That's the biggest percentage drop in sales since 2008. However, price drops aren’t expected in southern california.

Prices instead are forecast to rise 3% in los angeles county by april 2021, 5% in orange county and 6% in the inland empire. Southern california home sales were down more than 30% last month compared to april 2019 according to the housing data firm corelogic. Coronavirus drags down southern california home sales mortgage applications for purchases fell 23% in california last week.

The median sales price rose 6.7.

Here’s how the home price and sales data broke down by county: At 6 percent a year, the median home price could reach almost $700,000 in southern california by 2023, $500,000 in riverside county, $800,000 in los angeles county and nearly $1. Southern california home prices in march: One index of national home buyer demand is down 14% from an april peak.