Los Angeles Real Estate Market Statistics
> Market stats updated on March 7, 2019
Current local real estate market statistics for single family homes, condos, and townhomes within Los Angeles County, including all municipalities and unincorporated areas. The data below includes cities like Los Angeles, Beverly Hills, Santa Monica, Pasadena, Glendale, Burbank, Malibu, La Cañada Flintridge, San Marino, and South Pasadena.
Los Angeles Real Estate Market Report for February 2019
- Sold Listings: 3,863 vs. 3,475 (Down 10.04%)
- Active Listings: 13,992 vs. 15,363 (Up 9.8%)
- Median Sales Price: $599,000 vs. $600,000 (Up 0.17%)
- List-to-Sold Price Ratio: 92.15% vs. 86.96% (Down 5.63%)
- Days on Market: 39 vs. 49 (Up 25.64%)
Home prices in Los Angeles are flat right now; the market has cooled down from its multi-year run. We appear to be transitioning to a buyer’s market, though the next few months will be key to understanding whether we are currently at the inflection point where prices will continue slowly rise, flatten, or fade.
Reading the tea leaves of the Federal Reserve’s commentary has led many market observers to conclude that the recent interest rate tightening moves seem to be coming to an end. In fact, mortgage rates have recently dipped; a market reaction to the Fed’s current dovishness. Further tightening is widely considered ‘on hold’ for now.
One thing is for sure, Los Angeles remains a competitive market for buyers; It’s just that the current market activity is not as torrid as recent years. In fact, one could interpret the current climate as a positive development for buyers. Per the increase in Days on Market and residential home Inventory, there's a sense that the advantages sellers have enjoyed for several years are starting to slip away.
Los Angeles Home Prices
If we start pruning rural areas and focus on homes, condos, and townhomes within the city limits of Los Angeles, here's how the February data for home prices and available inventory looks:
- City of L.A. Median Sales Price: $763,800 vs. $780,000 (Up 2.12%)
- City of L.A. Active Listings: 2,387 vs 2,628 (Up 10.10%)
Contact us if you need a local Realtor to help answer questions about the data above or want a break down for a specific area not itemized in this report.
The infographic above includes year-over-year real estate market statistics for Los Angeles County. The data includes single-family homes, condos, and townhomes. Based on information from the California Regional Multiple Listing Service (CRMLS) for the period February 1, 2019 and February 28, 2019. CRMLS does not guarantee nor is in any way responsible for its accuracy. Data maintained by CRMLS may not reflect all real estate activity in the market.