Episode - 039: What does the LA County real estate market look like? | Recap through September

The real estate market in LA County is trending towards a balanced market.

The median sales price dropped from $825,000 in August to $817,500 in September.  Since June, prices have dropped $17,500.

The number of homes for sale have increased to our highest level since November 2020 and inventory months supply increased to 2.0 months from our yearly low of 1.8 months. Remember 5-6 months is a balanced market and 6+ is a buyers market.

All in all, we are still in a seller’s market but there are a lot of good signs for buyers. Prices are decreasing, there is more inventory and days on market, and interest rates are still low! 

View market trends here: https://theluevanosgroup.com/market-trends