North Hollywood Home Sales Activity for May

A total of 81 homes sold in North Hollywood for the month of May. The median price for a home sold was $429,000. Compared to the median sale price figures of May of last year, $420,000, this new number represents a 2.14 percent year-to-year increase in sales activity for the city.

There is an increase in homes selling in North Hollywood possibly due to low inventory and high demand. Another contributing is interest rates for home mortgages (current 30-year fixed rates are at 4.25%), and first-time homebuyers entering the market.

Los Angeles County had a total of 6,466 homes sold in the month of May. The median price for a home sold in the county was $450,000. This represents a 7.66 percent year-to-year increase in sales over last year’s May median sale price of $418,000.

A total of 1,010 homes were sold in the San Fernando Valley for the month of May. The median price for a home sold in the San Fernando Valley was $445,000. Compared to the median sale price figures of May of last year, $420,000, this new number represents a 5.95 percent year-to-year increase in sales activity for the region.

Source: http://dqnews.com/Charts/Monthly-Charts/CA-City-Charts/ZIPCAR.aspx

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