California News Southern California

SoCal Home Prices Jump 10% In February

Los Angeles Times– Southern California home prices jumped 10.2% in February compared with a year earlier, while sales remained nearly flat as the region and the state grapple with a shortage of homes for sale.

The median price across the six-county region clocked in at $506,750 last month, real estate data firm CoreLogic said Wednesday. That’s up from a revised $495,500 in January but below an all-time high of $509,500 in December.

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