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Southern California’s housing marketOpens a New Window. saw a sharp decline in sales last month, as the median priceOpens a New Window. hit a new high.
According to recent research from data analytics company CoreLogic, about 20,790 new homes and condos were sold during the month of June in San Diego, Los Angeles, Ventura, San Bernardino and Orange counties. That is a decline of 6.9 percent from the month prior and a drop of 8.8 percent from the same period last year.
New home sales in the Southern California counties notched their weakest June since 2014.
In the region, sales of newly-built homes were 46.9 percent below the average for the month since 1988.
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