SoCal home sales fell in June; median sale price rose

Christopher Okula/KPCC

The real estate tracking firm DataQuick says Southern California home sales fell in June but the median sale price in the six-county region rose to $385,000 - the highest level in more than five years.

DataQuick reports Wednesday that the sales decline of 6.2 percent from May and 2.1 percent from June 2012 came amid a tight supply, rising mortgage rates and a decrease in investor buying.

June's year-over-year sales decline was the first for any month since September.

During the month, 21,608 new and resale houses and condos sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties.