Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

Planning to Buy Soon? Home Prices are Down, Sales Are Up

lacountyrealestatesales2.png
Stories like these are only possible with your help!
Your donation today keeps LAist independent, ready to meet the needs of our city, and paywall free. Thank you for your partnership, we can't do this without you.

With the market so down, some are jumping into the ownership game. Via wire reports printed in the Daily Breeze: "A total of 4,590 homes sold in February, up from 3,468 for February 2008, while the median price of a home in Los Angeles County last month was $299,000, down from $460,000 in the same month a year ago, according to La Jolla-based MDA DataQuick. In Orange County, the median home price was $375,000, down 27.9 percent from the February 2008 median of $520,000, according to DataQuick. A total of 1,879 homes were sold in the county last month, up 27.7 percent from the 1,471 home sales in February 2008."