Home sales rebounded last month in Los Angeles County and across California, increasing on both a month-to-month and year-to-year basis, the California Association of Realtors announced Wednesday.
Closed escrow sales of existing, single-family detached homes in Los Angeles County rose 20.9% over August’s numbers, and were up 13.8% year-over-year.
Statewide, September sales were up 5% from the previous month, and 6.6% year-over-year.
In Orange County, sales dipped 2.1% in September from August, but were up 10.8% over September 2024.
“The housing market showed modest improvement in September, with both sales and prices up from a year ago,” CAR Senior Vice President and Chief Economist Jordan Levine said in a statement. “Steady mortgage rates may give demand a small boost heading into the