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There's a pandemic, but Southern California home prices are at record levels [View all]
In the middle of a global pandemic, Southern California home prices keep setting records.
The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released Wednesday by DQNews.
That was the largest percentage increase since 2014 and the third consecutive month during which prices set a new all-time high. Sales rose 2.4% from a year earlier.
“We have had houses with 40 to 50 offers,” said Syd Leibovitch, president of Rodeo Realty, which has offices throughout the Los Angeles area. “It’s just bizarre.”
https://www.latimes.com/homeless-housing/story/2020-09-23/southern-california-home-prices-jump-12-percent-in-august
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