![]() San Diego County reported a median sold price of $958,250 for existing single-family homes in June 2023. Despite the slight price fluctuations, the county's real estate market displayed stability with a notable 5.5% increase in sales compared to June 2022. However, on a year-over-year basis, the median sold price dipped by 0.4%. Compared to May 2023, the median price in the county experienced a minimal month-to-month change of 0.3%. Orange County recorded a median sold price of $1,260,000 for existing single-family homes in June 2023. Despite the drop in prices compared to the previous year, the county's real estate market showed resilience with only a slight 0.7% decline in sales compared to June 2022. However, compared to June 2022, the median sold price experienced a decrease of 3.2%. This reflects a substantial month-to-month increase of 11.8%. In June 2023, Los Angeles County reported a median sold price of $832,310 for existing single-family homes. Let's take a closer look at the median sold prices and sales figures for the counties in Southern California. Southern California Regional Housing Trends This decline in sales suggests a cooling trend in the real estate market, with potential factors such as rising interest rates and limited inventory contributing to the subdued sales figures. The month-to-month change in sales recorded a decrease of 0.8%, while the year-over-year change showed a significant drop of 19.4%. Southern California witnessed a decline in sales of existing single-family homes in June 2023. Sales Figures for Existing Single-Family Homes However, compared to the previous year, the median sold price experienced a decrease of 1.8%, indicating a slight dip in home prices compared to June 2022. This represents a slight increase from May 2023, with a month-to-month change of 1.9%. The median sold price for existing single-family homes in Southern California stood at $815,000 in June 2023. Median Sold Price of Existing Single-Family Homes In this blog post, we will explore the numbers and delve into the key takeaways from the report, helping you understand the current state of the Southern California real estate market. The June 2023 report provides valuable insights into the median sold prices and sales figures for existing single-family homes in the region. The Southern California housing market has been under the spotlight, with potential home buyers and sellers keeping a close eye on the latest trends and data. Housing Market Crash: What Happens to Homeowners if it Crashes?.How to Profit From Rising Interest Rates in 2023?.Promissory Notes: Definition, Types, Examples, Templates.List of FDIC-Insured Banks in 2023: Is Your Bank Insured?.Las Vegas Real Estate Market: Prices, Trends, Forecast 2023.How Rising Interest Rates Affect Real Estate Investors.Tampa Housing Market: Prices, Trends, Forecast 2023.Colorado Springs Housing Market: Prices & Forecast 2023. ![]() Chandler Housing Market: Prices, Trends, Forecast 2023.Debt Ceiling & Housing Market: Will it Crash in 2023?.Is it a Good Time to Buy a House or Should I Wait Until 2024.Is It a Good Time to Sell a House or Should I Wait Until 2024?.UK Housing Market Predictions 2023: Will Prices Crash?.Seattle Housing Market: Prices, Trends, Forecast 2023.Best Side Hustles from Home to Make Money in 2023.45 Secret Websites & Ways to Make Money Online in 2023.Passive Income Streams 2023: Make $1000 in Passive Income.How to Make Money Fast as a Woman in 2023?.Fort Lauderdale Housing Market: Prices & Forecast 2023.North Carolina Housing Market: Prices, Trends, Forecast 2023.
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