Southern California home prices rise nearly 25% in 1 year, hitting new record

Local news
A "for sale" sign is seen outside a home in this undated file photo. (Getty Images)

A “for sale” sign is seen outside a home in this undated file photo. (Getty Images)

Southern California home prices soared in May, hitting another all-time high, though some data are starting to point to a potential slowdown in demand.

The six-county region’s median sales price rose a whopping 24.7% from May 2020 to a record $667,000 last month, according to data released Tuesday by data firm DQNews.

Sales also surged from a year earlier.

The big leap in numbers from a year earlier is partly due to a once-in-a-lifetime comparison.

Read the full story on LATimes.com.

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