Los Angeles Home Sales Up Almost 25% in October Over 2011

The number of homes sold in Los Angeles County jumped by 24.7 percent in October, compared to the same month a year ago, while prices rose by 13.7 percent, a real estate information service announced Tuesday.

A total of 7,268 homes changed hands in Los Angeles County last month, compared to 5,830 in October 2011, according to DataQuick. The median price of a home in the county in October was $341,000, up from $300,000 in October 2011.

In Orange County, 3,148 homes were sold in October, up 40.5 percent from October 2011, when 2,241 were sold. The median home price was $455,000 last month, up 12.3 percent from $405,000 in October 2011, according to DataQuick.

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