Southern California home sales drop, median sale price flatlines in November

By Dominique Fong for

The median sale price of homes and condos across Southern California plateaued for the sixth month in a row, a new housing report shows. At the same time, sales continued to fall, dampened by rising prices and a short supply of homes.

In Riverside County, 2,934 homes sold at a median price of  $275,000 in November, according to DataQuick.

The year-over-year jump in home prices could motivate homeowners to put their houses on the market, creating a surge in the inventory, John Walsh, DataQuick president, said in a news release.   Read the whole story here.

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