Los Angeles County homebuying cooled by 33% in July as house hunters were scared off by 42% higher house payments. Essentially, countywide home prices are down 2.9% from their peak after the worst …
$840,000 countywide for all homes — down 2.3% in a month and up 5.7% in a year. Record L.A. high? $865,000 set in April. So, prices are 2.9% off their peak.
Since 1988, a typical July had prices dip 40% of the time — with no price change from June the norm.Smallest increase in 23 months but latest gain tops 45% of all 12-month periods since 1988.14 price records have been broken since February 2020.3,704 sold, down 33% in a year. Median of $895,500 was up 4% over 12 months.Newly built:Builder share:
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