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Elliman Report: Los Angeles Sales 1Q 2015

The first quarter housing market continued to see rising prices, but now with the addition of rising sales. Median sales price for the region has been increasing on a year-over-year quarterly basis since the summer of 2012. The combination of rising prices and low inventory had kept sales activity from expanding. In the first quarter of 2015, the number of sales increased, reversing the recent trend…

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