Condo Sales in Southern California Slow to Recover

Condominiums in Southern California aren’t selling as much as they used to.

In the year-long period ending in April, Southern California saw 41,300 condos sold, bringing the region’s sales pace to its slowest in more than two decades and now sitting at 25 percent below the local average, the Daily Breeze reported, citing a report from Attom. The analysis examined new and used condo sales in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.

The median condo list price in Southern California reached $685,000 in April, representing the eighth-highest level on record. The median single-family home price in April was 22 percent higher at $881,000. Still, overall price growth for condos has been slow, with condo values up 2 percent over the past four years; by contrast, the four years before that saw a 47 percent increase in values.

At the same time, job growth in Southern California is 92 percent below its 10-year average, according to the Daily Breeze. Raises in the region are at their lowest since 2018, while inflation in Southern California is at its fastest pace of the year after the Iran war hiked gas prices, the Orange County Register reported.

The six Southern California counties tell diverging stories when it comes to their respective condo markets.

In Los Angeles County, there were 15,300 sales in the 12-month period ending in April, which is 30 percent below the 22-year average, while pricing was 6 percent below the peak set in June 2025. Orange County notched its second-highest median price at nearly $1.4 million, or 0.4 percent below a high set in February 2025; still, sales were 27 percent below average at 7,250 total transactions. Ventura County saw its third-highest-ever median price of $950,000, or 0.3 percent below its November 2025 high, while sales were 23 percent below average.

The Inland Empire didn’t fare much better. Condo sales in San Bernardino County were 21 percent below average, while Riverside County’s condo sales rate was 5 percent below local county average.

— Chris Malone Méndez