LA’s Housing Market Setting Record Highs!- Santa Monica Real Estate
The housing market is hitting record levels in much of Los Angeles. Prices were up 4.8 percent, the number of sales was up 6.5 percent, and houses were sitting on the market an average of just five days. Everything from condos to houses are exceeding record highs, from average sale prices across the board to the number of sales closed, which rose to the highest second-quarter total in a decade. The median sales price across the board for houses stands around $1,371,500!