California News Southern California

Los Angeles County Median Home Price Hits $710K

Los Angeles Daily News-

Los Angeles County’s homebuying rebound continued in September with a new price record powered by historically low interest rates, coronavirus-led urges for more space, and a limited inventory for house hunters to choose from.

A study by DQNews of closed transactions in Los Angeles County from September show …

• 7,287 homes sold, existing and new — up 19.9% in a year. Year to date there have been 48,715 Los Angeles County sales — down 11% vs. 2019.

• A record $710,000 countywide median selling price — up 14.5% over 12 months. The latest median breaks the record of $692,750 set in August.

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