Home Prices Rise Slightly in LA Metro and Orange County

Home prices in Los Angeles and Orange County rose slightly in May, despite a 5.1% statewide drop in home sales, marking the lowest sales level in four months. The median price in California fell 1.1% from April but stayed above $900,000. Increased inventory and leveling prices offer good opportunities for buyers. Economic uncertainty and high interest rates contribute to price moderation, with potential for market rebound if conditions improve.