0 Real Estate The number of houses sold skyrocketed 45.3 percent compared to February and was 8.4 percent higher than March 2016, the CAR reported. California News Wire Services , News Partner Posted Reply LOS ANGELES, CA — The real estate market in Los Angeles and Orange counties kicked into high gear last month with increases in both prices and sales, the California Association of Realtors reported Monday. The median price of a single-family home that changed hands in Los Angeles County in March was $465,810. While that’s 0.9 percent less than the month before, it’s 5.5 percent above the same month last year. The number of houses sold skyrocketed 45.3 percent compared to February and was 8.4 percent higher than March 2016, the CAR reported. In Orange County, the March median sales price was $760,000, which is 2 percent above February and 5.5 percent higher than March 2016. The sales total jumped 48.2 percent from February, and climbed 7.3 percent over the same period in 2016. The Southland performance matched the statewide figures. “March’s solid sales performance was likely influenced by the specter of higher interest rates, which may have pushed buyers off the sidelines and (to) close escrow… Read full this story
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