Southern California real estate continues to rock.
Sales volume of homes in Los Angeles County increased 5.4% over last year and hit a stunning 10-year high in August.
Eye-popping low rates and job growth are driving the sales, according to a report by CoreLogic. While the number of sales increased 5.4%, the median prices rose 6% to $530,000 in August.
The real estate growth was experienced across the entire Southland with home sales increasing 10% in Orange, Riverside, San Bernardino, San Diego and Ventura counties as well.
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