The Greater Los Angeles housing market
showed record prices, more sales activity
along with faster marketing times and less
negotiability. Median sales price increased
4.8% to $938,000 from the prior year quarter,
a new record for the 11 years the metrics have
been tracked. Average sales price expanded
3.3% to a record $1,464,325 and average
price per square foot rose 3.6% to a record
of $745 respectively from the same period
last year. After five consecutive quarters of
year-over-year declines, the number of sales
increased for the second consecutive quarter
to the second highest second quarter total
in a decade…