The Housing Market - LA County Median Price On Homes Rising

As we kick off the New Years, Los Angeles County is seeing a median price jump of $525,000 in January, according to a new report from CoreLogic. This increase equates to a 7.1 percent increase over the last year of 2016, when prices in January 2015 were only $520,000. It seems that the rising sales numbers were due in part, as a result of consumers looking to purchase before the interest increase after the election, Andrew Le Page, (CoreLogic analyst), hypothesizes. Throughout the nearing counties of Los Angeles, a six percent increase has been seen since last year. With the increasing market prices, a high demand in properties, and not enough inventory to sustain it,  it is difficult to say whether this may or may not be a trend.

Read more about it here, on the Orange County Register.

Home Prices are still rising in parts of LA