Los Angeles County Real Estate Market Extends Downward Trend in Home Prices

The number of home sales in the Los Angeles County market rose 2.1% to 6,248 homes over the last 30 days. Within the same time period, San Diego County had 3,114 sales, the most of all counties in the area. The median sales price of homes sold came in at $545,000, which extended a downward swing in price to four weeks. With only three months of inventory and rising sales, Los Angeles County is a seller's market.

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Demographic facts for Los Angeles County:

  • This area has a median house value of $347,100.
  • The area gets 32 rainy days a year. (U.S. average: 100)
  • The unemployment rate is 11.5%.
  • For every teacher there are 22.4 students in this area. (15.3 = national average)

Data reported through 10/13/2016

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