L.A.-area house prices rise nearly 8% in May as Orange County’s price hits record high

Southern California house prices were up in May for a 72nd consecutive month, rising 7.7 percent year over year in the Los Angeles metro area and 6.8 percent in the Inland Empire, the California Association of Realtors reported Tuesday, June 19.

The median price of an existing single-family home — or price at the midpoint of all sales — hit an all-time high in Orange County, rising 5.4 percent to $838,000, the Realtor report said.

That’s the eighth-highest median in the state, trailing...

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