Southern California Housing Market Forecast: Will it Crash?

Despite rising interest rates, the Southern California Housing Market remains resilient. A downturn in November 2023 led to a 5.6% decline in home sales, but median sold prices rose by 9.9%. Regional disparities were noted, with Los Angeles seeing a drop in sales and Orange County experiencing increased prices and sales. The market is expected to stay stable with moderate price increases and steady sales throughout 2023. Regular monitoring and professional consultation are advised.

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