The average price for the purchase of housing in Los Angeles has risen again, reaching a new record.
A new study by CoreLogic shows that the average price of home sales in June amounted to 569 000 dollars, although a month earlier – in may – she was 560 000 dollars. In April is less than 550 000 $ .
Before that, the highest sale price of housing in Los Angeles was recorded in may 2007 . Then it amounted to 550 000 $ . Now 3 months in a row the price has not ceased to grow, setting records virtually every month.
«The magnitude of the price increase in the second half of this year will largely depend on the number of offerings on the market. At the moment there is no reason to expect a significant change in the situation by the end of the year,» said CoreLogic analyst Andrew Lepage.
The number of homes sold in the County of Los Angeles last month, rose 8 % from June 2016 and 14.6 percent in may of this year to 8 716. «This suggests that the region quickly burn your limited supply, and without the appearance of new proposals can be difficult to keep up the pace,» says Lepage.
The average price of housing sales for the entire southern California now stands at 500 000 USD.
