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Los Angeles home prices hit record highs last month while median rents continued on a downward trend.

WalletHub compared 300 small, midsize and large cities from across the country and scored them on 24 metrics of “housing-market attractiveness and economic strength.”

The US housing market continues to exceed expectations amid the ongoing COVID-19 pandemic.

The project site, located at 26900 S. Western Avenue, was formerly used for military housing.

“Single-family and condo new signed contracts surged ahead of year-ago levels for the first time since the shutdown,” wrote Jonathan Miller.

The typical one-bedroom apartment rented for $85.60 less than the same period one year ago.

The median-priced unit sold for $468,588 — 3 percent less than the same time last year, but a 0.5 percent gain compared to the previous month.

In spite of the ongoing COVID-19 pandemic and subsequent recession, the US homeownership rate has risen to the highest level since the third quarter of 2008.

For-sale homes in the Los Angeles-Long Beach-Anaheim metropolitan area are going from “active” to “pending” in just 19 days on average, according to Zillow.

After plunging a record 30.2 percent in April, privately-owned housing starts rebounded in June to a seasonally adjusted annual rate of 1.19 million units, according to the latest US Census Bureau data.

The typical one-bedroom apartment in Los Angeles will now cost you about $77 less per month than the same time last year.

Facing a dearth of inventory for existing homes, US buyers are snatching up newly constructed homes at breakneck speed.

The COVID-19 pandemic has added another variable to the relocation equation.

One-bedroom rent dropped 1.4 percent from April to May and 3.6 percent over the same period a year ago to a median price of $2,170.

Capri Capital Partners sold the 40-acre, 869,000-square-foot property to CIM Group, a Los Angeles-based real estate investment firm, for more than $100 million.

March home sales numbers showed the first signs of a slowdown, but the full impact of the coronavirus pandemic on the California real estate market won’t be evident for another month.