Los Angeles Housing Market Continues to Show Strength

Los Angeles Housing Market Continues to Show Strength

Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median price for a housing unit (houses and condos) was $938,000 during the second quarter. Total sales in the quarter was 2,865.

Read More

Previous Williams Breaks Ground on Sylmar Project
Next Cornerstone Communities Developing 317-Unit Project in Oceansid

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

Pull Back in Housing Starts but Rise in Permit Activity

Starts dropped in May by 11% from April and came in at an annualized rate of 1.04 million units. The April starts figure was a seven-year high. Despite the drop,

Housing Market

OC Leads Southern California in Housing Market Health

Among the six Southern California counties, Orange County seems to be in the lead in overall housing market health. The median price of a home in the county was at

Housing Market

Headwinds at Home Causing Pause in Chinese Buying

This past year, Chinese buyers overtook Canadian buyers as the top foreign purchasers of US real estates with expenditures of $28.6 billion. The influence has been felt disproportionately at the