These SoCal Cities Saw High Home Sales in May, as Market Cools

Homes await buyers in the city of Irvine, Calif., on Sept. 21, 2020. John Fredricks/The Epoch Times

As home prices are leveling off in Southern California amid rising interest rates, Lancaster of Los Angeles County, Mission Viejo of Orange County, and Fallbrook of San Diego County are among the cities with the most home sales in May.

Otto Catrina, the president of the California Association of Realtors, said the housing market has been cooling down since May.