Southern California home prices in September tied an all-time high, as the white-hot real estate market continued to surge and raise concerns over housing affordability.
The median price for the six-county region soared nearly 10% from a year earlier, to $505,000, data firm CoreLogic said Tuesday. That matches a price level reached in 2007 before the housing bubble burst and the economy cratered.
In Los Angeles County, the median last month was $575,000, up 9.5% from a year earlier and $25,000 higher than its 2007 peak.
In Orange County, September’s median was $710,000, up nearly 11% from a year earlier and $65,000 from the 2007 height.