Southland housing market may finally be getting back to normal
The median price of a home sold in the six-county Southland hit $415,000 in June, according to real estate service DataQuick. Above, a home for sale in Redondo Beach. (Jay L. Clendenin / Los Angeles Times)
The housing recovery looks to be losing steam. But that may not be a bad thing.
In the latest sign of a market that’s plateauing well below its past highs, home prices in Southern California grew at their slowest pace in two years in June, capping a spring selling season that never quite took off.
The median price of a home sold in the six-county Southland hit $415,000, according to real estate service DataQuick. That number is the biggest in four years, but 18% below the market’s high point in mid-2007.
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