Los Angeles, California - Slow Sales, Rising Prices
By Alejandro Lazo
"...The median home price in Southern California hit its highest point in
nearly four years
last month as buyers competed for fewer homes and
committed to pricier abodes in more move-up neighborhoods...Sales fell 6.7% from the month prior, but were up 13.8% from July 2011. A
total of 20,588 newly built and previously owned houses and
condominiums sold throughout the six-county region..."
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