News

Southern California home prices level off

Southern California home prices stayed flat in August for the second straight month, an indication the market may be normalizing after a period of torrid price hikes.

The median home price remained at $385,000 in August, unchanged from July and June, giving hope to many would-be buyers who had been getting rapidly priced out of the market.

By Andrew Khouri and Alejandro Lazo, Los Angeles Times