LOS ANGELES — Southern California home prices and sales edged lower in June from the month before, adding to the pile of evidence that the housing slowdown is starting to pull home values lower.
The data, released Tuesday by DQNews, marks the first month since January that Southern California's ultra-competitive housing market saw a decline in the median home price. The median is the price at which half the homes sold for more and half for less.
The region's six-county median sale price was $750,000, down from $760,000 in May. However, a broader view shows that prices are still soaring compared with last June, when the median price was $679,000.
