While home sales in the Los Angeles market have been above average, in this week’s report there were 2,004 homes sold over the last 30 days. Prices are rising in Los Angeles, and the median sales price this period increased from $370,000 to $380,000. Despite the slip in sales, a relatively low three months of inventory indicates that Los Angeles is a seller’s market.
Demographic facts for Los Angeles:
- This area has a rating of 65 for the population growth. (Scale: 1 = Worst, 100 = Best)
- The ratio for physicians is 257.5 for every 100,000 people.
- The area’s health cost index score is 110.6. (100 = national average)
- 66.5% of the residents commute to work alone in their car, 11.3% via carpool, and 11.2% by way of public transit.