Limited inventory, low interest rates and coronavirus-fueled demand sent home prices to a record high in September.
For the 7,287 deals that closed last month, the The median sale price was $710,000, according to Zillow data cited by the Los Angeles Daily News.
That was 14.5 percent higher than the September 2019 total and easily broke the $692,750 record set in August.
The number of home sales also reflects a near 20 percent increase year-over-year.
Other Southern California counties saw similar positive home sale activity. The third quarter was the fastest-selling quarter of the last 14 years across the region.
Orange County’s median home sale price increased 9 percent year-over-year to $785,000 — the highest in the region — and the nearly 3,800 deals marked a 30 percent increase year-over-year.
The median sales prices in Riverside and San Bernardino counties were 14 percent and 13 percent higher, respectively, year-over-year.