Home Prices, Sales Rise in Inland Empire

Home prices and sales in the Inland Empire remained strong in October, with the median sales price in Riverside County hitting a new high while San Bernardino County reported the second-largest monthly sales count ever.

The median sales price of all homes sold in Riverside County rose 15.8% from the same month last year to $220,000, according to a report by DataQuick Information Systems Inc. October sales reached 4,718, up 17.7% year over year.

In San Bernardino County, the October median sales price rose 12.3% to $164,000. The number of all homes sold increased 7.6% from last year’s level to 3,693 properties, DataQuick reported.

-- Jesus Sanchez