CoreLogic® has released its monthly residential Southern California home sales numbers for February 2024. 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 housing markets are finally showing signs of thawing,” said Dr. Selma Hepp, chief economist for CoreLogic. “After some 30 months of year-over-year declines in home sales, an increase in new listings and a temporary drop in mortgage rates boosted home sales at the beginning of the year. With a continued improvement in inventory, Southern California will finally see a budding spring homebuying season.
“At the same time, strong homebuyer demand continues to push home prices higher in Southern California, which were up by 8% year over year in February. These numbers are similar to those found in the latest U.S CoreLogic S&P Case-Shiller Index, which showed that San Diego and Los Angeles were the top two metro areas for annual appreciation in January of the 20 tracked in the report.”
Southern California February 2024 Median Home Sales Prices
- The median sales price for all tracked properties in Southern California was $740,000 in February, a year-over-year increase of 8% for the region. All counties in the region posted year-over-year home price gains: Orange (16.8%), Ventura (11.8%), Los Angeles (10.5%), San Diego (10%), Riverside (5.1%) and San Bernardino (4.3%).
- Orange County again posted the highest median sales price in Southern California, at $1.1 million, followed by Los Angeles ($845,000), San Diego ($825,000), Ventura ($823,500), Riverside ($567,500) and San Bernardino ($490,000).
| County | Median Sales Price February 2023 | Median Sales Price February 2024 | Year-Over-Year Change |
| Los Angeles | $765,000 | $845,000 | 10.5% |
| Orange | $950,000 | $1,110,000 | 16.8% |
| Riverside | $540,000 | $567,500 | 5.1% |
| San Bernardino | $470,000 | $490,000 | 4.3% |
| San Diego | $750,000 | $825,000 | 10.0% |
| Ventura | $740,000 | $823,500 | 11.3% |
| Southern California Total | $685,000 | $740,000 | 8.0% |
Southern California February 2024 Home Sales Activity
- Southern California home sales volume increased by 12.3% from February 2023, with all six counties posting annual gains.
- Orange County posted the region’s largest annual home sales increase, at 21.2%, followed by San Bernardino (13.6%), Ventura (11%), Los Angeles (10.7%), Riverside (10.3%) and San Diego (9.9%).
| County | Home Sales Volume February 2023 | Home Sales Volume February 2024 | Year-Over-Year Change |
| Los Angeles | 3,385 | 3,746 | 10.7% |
| Orange | 1,464 | 1,775 | 21.2% |
| Riverside | 2,336 | 2,576 | 10.3% |
| San Bernardino | 1,556 | 1,767 | 13.6% |
| San Diego | 1,940 | 2,132 | 9.9% |
| Ventura | 391 | 434 | 11.0% |
| Southern California Total | 11,072 | 12,430 | 12.3% |
Note: Data in this release is taken from county records and not from local multiple listing services.
Media Contact
Robin Wachner
CoreLogic
[email protected]
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