The Source of Real Time Real Estate
The Source of Real Time Real Estate
By themlsblog
Posted on
For several years, the state of California has faced a housing crisis, where rental and sale prices have climbed while wages have stagnated. In fact, a report from the California Housing Partnership Corporation (CHPC) found that median rent in Los Angeles County has increased 32% since 2000, while wages have decreased by 3% (adjusted for inflation). In 2014, Los Angeles Mayor Eric Garcetti called for 100,000 new housing units by 2021, …
By themlsblog
Posted on
On the heels of our Q1 heat maps, we’re excited to share market statistics for single-family homes in Q1 2015 v. Q1 2016 v. Q1 2017. These stats take a look at median sale price, sales volume and sold listings for The MLS™ primary areas. The median sale price achieved a steady increase, peaking at $1.04 million in Q1-2017. Likewise, sales volume has also grown gradually, reaching a respectable $3.19 billion …