Home prices continue to fall—ever so slightly—across Southern California, as noted in Zillow’s latest market report.
In November, the six-county region’s typical home price dropped 0.9 percent from October to $815,911 last month. That makes the fifth consecutive month of sliding prices locally.
Compared to the pandemic price peak seen in May, the typical price is now 6.3 percent below.
Locally, Los Angeles County prices are down 7 percent from their pandemic high, while San Bernardino County is down 35 percent and Orange County is down 8.6 percent.
Back to month-over-month numbers, in San Diego County, the typical home price rose 0.1 percent from October—but are still 7 percent lower than the county’s peak reached in April. In Ventura County, the typical home price rose 1.2 percent in November, but is 3.9 percent lower than the county’s peak reached in May.