Southern California home prices took off in March, ascending by twofold digits for the eighth consecutive month as a pandemic-filled housing blast keeps on continuing forward.
The six-area district’s middle home cost expanded 14.5% from a year sooner to a record $630,000, as indicated by data delivered Wednesday from land firm DQNews. The quantity of houses, condominiums and condos that sold rose 32.2%.
A blend of elements is driving the blast, which expands nationwide, realtors and financial analysts say.
The housing market was warming up before the pandemic. From that point forward, contract rates have tumbled and people are searching for more space. Likewise, recent college grads are rapidly entering their mid 30s, the age when numerous people become first-time homeowners.