The California Association of Realtors (CAR) announced on Wednesday that home prices in Riverside County dropped slightly in November compared to the previous month.
While the $628,000 median price of an existing single-family home in November was a 1.1 percent drop from the month before, that price is still 2.9 percent higher than the amount of $610,400 from November 2023.
Four of the five major regions in California increased in median price from a year ago in November. The Central Coast had the biggest climb from a year ago with a jump of 7.9 percent, while Southern California saw a 3.1 percent increase, CAR said.
The median number of days it took to sell a California single-family home was 26 days in November, up from 21 days in November 2023.
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