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The SoCal housing market is cooling. Here's how far prices have fallen

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The data marks the first month since January that Southern California’s ultra-competitive housing market saw a decline in the median home price.

Southern California home prices and sales edged lower in June from the month before, adding to the pile of evidence that the housing slowdown is starting to pull home values lower.

The region’s six-county median sale price was $750,000, down from $760,000 in May. However, a broader view shows that prices are still soaring compared with last June, when the median price was $679,000.

 

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Because the ultra rich & hedge funds have bought all of the available housing & can’t turn it because they artificially inflated their own market. 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

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