CoreLogic Southern California Housing Market Update: February 2024

CoreLogic Southern California Housing Market Update: February 2024

CoreLogic® has released its monthly residential Southern California home sales numbers for December 2023. This includes data for new and resale single-family homes and resale condominiums from six counties in the region: Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura.

Southern California December 2023 Median Home Sales Prices

  • The median sales price for all tracked properties in Southern California was $720,000 in December, a year-over-year increase of 5.1% for the region. All counties in the region saw annual home price gains: Orange (17.6%), Ventura (6.5%), Los Angeles (5.8%), San Diego (5.6%), Riverside (0.9%) and San Bernardino (0.3%).
  • Orange County again posted the region’s highest median sales price, at $1.1 million, followed by Los Angeles ($820,000), San Diego ($800,000), Ventura ($786,000), Riverside ($550,000) and San Bernardino ($481,500) counties.
County Median Sales Price December 2022 Median Sales Price December 2023 Year-Over-Year Change
Los Angeles $775,000 $820,000 5.8%
Orange $935,000 $1,100,000 17.6%
Riverside $545,250 $550,000 0.9%
San Bernardino $480,000 $481,500 0.3%
San Diego $757,500 $800,000 5.6%
Ventura $738,000 $786,000 6.5%
Southern California Total $685,000 $720,000 5.1%

Southern California December 2023 Home Sales Activity

  • Southern California home sales volume declined by -5.1% from December 2022, with all six counties posting annual decreases.
  • San Diego County posted the region’s largest year-over-year decline in home sales at -18.1%. All other counties in the region also recorded annual transaction decreases in October: Ventura (-9.1%), Orange (-5.3%), Los Angeles (-1.6%), Riverside (-1.5%) and San Bernardino (-1.4%).
County Home Sales Volume December 2022 Home Sales Volume December 2023 Year-Over-Year Change
Los Angeles 3,995 3,933 -1.6%
Orange 1,711 1,621 -5.3%
Riverside 2,596 2,557 -1.5%
San Bernardino 1,763 1,739 -1.4%
San Diego 2,103 1,722 -18.1%
Ventura 484 440 -9.1%
Southern California Total 12,652 12,012 -5.1%

Note: Data in this release is taken from county records and not from local multiple listing services.

© 2024 CoreLogic,Inc., All rights reserved.

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