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Southern California home prices jump and sales fall

Southern California home prices jumped in December, reaching the highest level in more than nine years.

An improving economy and a shortage of homes for sale propelled prices up 6.8% from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1% from a month earlier.

Southern California home prices jumped in December, reaching the highest level in more than nine years.

An improving economy and a shortage of homes for sale propelled prices up 6.8% from a year earlier, real estate data firm CoreLogic said Tuesday. December’s median price of $470,000 was up 1.1% from a month earlier.

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