Los Angeles Times

Home sales plunge in Southern California to lowest level since 2007, as prices inch up

The housing market's chill grew colder in December, as sales plunged across Southern California and home prices barely rose.

The number of closed deals fell 20.3 percent compared with a year earlier, hitting the lowest level for a December since the start of the Great Recession and marking the sharpest percentage drop since 2010, according to a report out Wednesday from CoreLogic.

The six-county region's median price, meanwhile, inched up 1.1 percent from a year earlier, to $515,000.

The 12-month price increase is the smallest

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