Curbed: For the third month in a row, prospective homebuyers in Los Angeles County faced a median sale price of $575,000 in September, according to real estate tracker CoreLogic. That’s the highest price ever recorded in the area.
On the bright side, after four straight months of record shattering prices, the cost of buying is finally holding steady.
Still, CoreLogic analyst Andrew LePage suggests there may still be room for prices to grow. Median prices in San Bernardino, Riverside, and Ventura counties are still well below their pre-recession peaks.
In LA County, home prices rose considerably over the past year. In September of 2016, the median home price was $525,000, a full 9.5 percent lower than the price a year later. Accordingly, total sales in September went down 3.6 percent since last year.
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