Southern California’s housing market has seen a sharp slowdown, with home sales over the past year falling 33% below the long-term average pace set since 2005, according to a recent analysis. The decline spans six counties, signaling a significant shift in buying activity compared to historical trends. Experts are examining whether broader economic factors or local market changes are driving the drop. The findings offer insight into how regional real estate dynamics may be evolving.
Across six Southern California counties, home sales in the 12 months ending in July were 33% below the average annual pace recorded since 2005, according to an analysis from Los Angeles Daily News business columnist Jonathan Lansner
