Bottom falls out of SoCal condo market as prices plummet
Condominium prices in Southern California have dropped to their lowest level in over 12 years, with a 6% year-over-year decline to a median of $656,000 in February 2026. Los Angeles saw a 4.5% monthly drop in condo prices in March, marking ten consecutive months of year-over-year declines. The growing condo inventory, up 17.7% year-over-year, contrasts with more stable single-family home prices, which fell only 1.8%.
- ▪The median condo price in Southern California's six major counties was $656,000 in February 2026, down 6% from the previous year's peak of $699,000.
- ▪Los Angeles condo prices fell 4.5% year-over-year in March 2026, compared to a 1.8% decline for single-family homes.
- ▪Condo price reductions on Zillow ranged from $6,000 to $50,000, with significant cuts in units across Reseda, Torrance, and the Miracle Mile.
- ▪Year-over-year condo prices in Los Angeles have declined for ten consecutive months, averaging a 4% monthly drop.
- ▪There was a 17.7% year-over-year increase in LA condo inventory compared to single-family homes, potentially contributing to the price decline.
New York Post files mainly under news. We currently carry 10,835 of its stories.
Story provenance
Source · retrieval · rights · ranking — open for full record
inspect →
Story provenance
Attribution is not the same as permission. This drawer separates discovery metadata, excerpts, WeSearch-generated summaries, reuse status, and whether the publisher receives the visit. Nothing here claims a legal grant the publisher has not made.
Record
| Original publisher | California Post |
| Canonical URL | https://nypost.com/2026/04/28/real-estate/bottom-falls-out-of-socal-condo-market-as-prices-plummet/ |
| Publication time | Tue, 28 Apr 2026 18:51:53 -0400 |
| Retrieval time | 2026-04-28T22:57:01.031Z |
| Last seen | 2026-04-28T22:57:01.031Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
| Excerpt method | First ~120 words (~800 chars) of extracted publisher body, fair-use limited. |
| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
| Citation coverage | Summary is a WeSearch-generated derivative; primary citation is the original publisher URL. |
| Cluster | F9kjDFVJSPUH |
| Cluster logic | Grouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison. |
| Ranking reason | Story pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking. |
| Publisher visit | Yes — open original |
| Substitutes article? | No — link-out required for full text |
Rights status (four layers)
WeSearch handling by dimension
| Indexing | May the item be indexed (stored, ranked, made findable)? | Allowed |
| Snippet | May a short excerpt of the publisher's text be shown? | Allowed |
| AI summary | May WeSearch generate its own short summary of the article? | Limited |
| Retrieval / RAG | May the content be exposed for third-party retrieval-augmented generation? | Not asserted |
| Model training | May the content be used to train AI models? | Not asserted |
| Commercial reuse | May the content be reused commercially? | Not permitted |
Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.
Opening excerpt (first ~120 words) tap to expand
Real Estate LA condo prices nosedive by 6% — the lowest in 12 years By Katie Jerkovich Published April 28, 2026, 6:51 p.m. ET There’s great news for those seeking a place to live in Southern California with the prices for condominiums in the area dropping to their lowest point in more than 12 years. The median home sale price in February for a condo in the six major counties came it at $656,000, according to data obtained by the Pasadena Star News from the real estate property tracking site ATTOM. That price is down by 6% compared to last year when condos hit a peak of $699,000, according to the outlet. 5 Great news for those seeking a place to live with the prices for condominiums in the area dropping to its lowest in more than 12 years.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at California Post.
Discussion
0 commentsMore from California Post
