Orange County home prices hit record high, Los Angeles remains 3% below its peak
Despite sluggish homebuying, Orange County’s median price hit a new high in June as Los Angeles County pricing remains 3% below its peak.
In LA, the $830,000 median was up 3.8% in a month and 2% lower in a year. But it’s 3% off the $860,000 record high set in April 2022. My trusty spreadsheet tells me Los Angeles County buyers got an estimated house payment that’s 11% pricier – $4,289 per month on the $830,000 median vs. $3,870 on a year ago’s $850,000 home. And that’s assumes having $166,000 for a 20% downpayment.
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