Southern California home prices dropped $500 in March from the year before, the first annual price drop in the region in seven years, real estate data firm CoreLogic reported Friday, April 26.
The median price of a Southern California home, or the price at the midpoint of all sales, was $518,500 last month, down 0.1% from March 2018’s median of $519,000.
While prices were virtually unchanged from a year ago, that slight decrease marks the end of an 83-month streak of continuously rising home values. Read more here.
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