Year-over-year numbers remain sky high across Southern California, but the new monthly data out from DQ News/CoreLogic paints a slightly different picture.
According to the August 2021 report, the median price of a Southern California home was $680,000 in August, down $1,000 from July, as reported by the O.C. Register.
There was also a 2.2 percent decrease—or 541 fewer—in homes sold last month compared to July 2021. At 24,565 sales, that total is the smallest for an August since 2006.
A small slow down, but as a whole, the six-county SoCal region is still riding high on the real estate wave.
According to DQ News/CoreLogic, the six-county median was up 13.9 percent—or $83,000—compared to August 2020. Sales were also up year-over-year; 8.1 percent from August 2020.
Of note, Ventura County hit an all-time median price high of $740,250 lats month. That represents a 14.8 increase in price and a 1.3 percent increase in sales to 1,111 transactions, as noted by the O.C. Register.
Additionally, San Bernardino County’s median price rose 22.4 percent to an all-time high of $465,000. Sales were up 9.2 percent to 3,409 transactions.
Elsewhere in SoCal:
Los Angeles County’s median price rose 13.4 percent to $785,000. Sales were up 14.3 percent to 7,799 transactions.
Orange County’s median price rose 12.5 percent to $900,000. Sales were up 4.5 percent.
Riverside County’s median price rose 19.3 percent to $525,000. Sales were up 6.4 percent.
San Diego County’s median price rose 13.3 percent to $725,000. Sales were up 3.5 percent to 4,267 transactions.