Housing market news los angeles 5% more than in October 2019, according to data from Apartment List. city, including the upscale Pacific Palisades, has already killed five Jan 16, 2025 · Million Dollar Listing Los Angeles star Josh Altman told Fox News Digital that the real estate market had been “a little quiet” post-election. Before coming to The Times, he wrote about commercial real estate for the San Fernando Valley Business Journal. Updated March 14, 2025. 8% bump in sales, following a 3. See more real estate market trends for Los Angeles. In Austin, Texas, the median listing price for a house rose 40% in one year. 1% increase in inventory across Los Angeles and a 3. Jan 29, 2025 · For this section, West Los Angeles encompasses the Pacific Palisades, Santa Monica, Beverly Hills, Westwood, Century City and Brentwood. Between 2013 and 2023, Realtor. Since the region was already experiencing a housing shortage, the impact is even greater. Unless otherwise noted, figures in this section represent December 2024 and cover the Los Angeles metropolitan area, which is the second most populous U. -Axios Markets, April 11, 2021 Dec 31, 2024 · There's good news in the housing market to close out 2024: there's a lot more supply. 2% from November to $867,042 in December, according to Zillow, marking the Mar 14, 2025 · Thus, the long-term price outlook for Los Angeles mirrors the rest of the state, with the rapid price inflation and artificially low mortgage rates of 2020-2021 now long past. Jan 9, 2025 · Uncontained Los Angeles wildfires point to housing-market problems nationwide. Since the orders lifted, however, Lindsay Katz, a real estate agent with Redfin in the Los Angeles area, says Jan 23, 2025 · The Southern California housing market downshifted last month. . 0 trillion, and the median value of the 1. Mar 26, 2025 · Los Angeles has historically been a sought-after real estate market due to its desirable location, diverse economy, and strong demand for housing. The average Los Angeles house price was $1. There are 10,140 homes for sale in Los Angeles, Los Angeles County with a median price of $940,937, which is an increase of +3. Devastation around the second-biggest U. Jan 20, 2025 · LA real estate agent Lexi Newman helped a lot of homebuyers find their footing in the Altadena housing market in east LA County, where many homes burned down. 7 million properties in Los Angeles County is somewhat lower ($870,500). Inland Empire Retail Market Faced New Challenges in Q4 as Vacancy Rises and Economic Pressures Mount Los Angeles 3204; News Orange County 1114; ABOUT US. May 25, 2023 · Andrew Khouri covers housing and homelessness for the Los Angeles Times. Jan 28, 2025 · The loss of residential real estate will undoubtedly affect the LA housing market. View the Los Angeles regional charts below for details on current activity and forecasts for its housing market. Because wildfire damage and losses often cause homeowners to Apr 7, 2020 · Los Angeles Real Estate Market Reports. Los Angeles For-Sale Housing Market. 7% Jan 18, 2025 · Southern California’s expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay. The average home price in the six-county region fell 0. 1% since last year. News Housing Market Index is forecasting nearly 3,800 single-home permits from February through June in addition to 6,968 permits approved for multifamily homes for the Los Angeles-Long Beach-Anaheim MSA. Jul 30, 2020 · The real estate market was a bit more balanced for buyers and sellers before the coronavirus pandemic led to shelter-in-place orders and a sharp decline in housing market activity, though multiple offers on a home were still common. ’s rental market — which already had a severe shortage of affordable housing, particularly among units large enough for families with children — will likely be Dec 24, 2024 · A "for sale" sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. 7% from a year earlier but 7. Original copy posted March 2013. S. Here are some key points to consider: Market Stability. 5% higher than they are today across Orange and Los Angeles counties. Sales are roaring back in California, as an ongoing supply shortage keeps competition up Jan 24, 2025 · For comparison, the total value of residential real estate in Los Angeles County is $2. Dec 16, 2024 · Locally, Zillow forecasts home prices in November 2025 to be 1. Home Page In Los Angeles Jan 13, 2025 · Housing policy experts say L. 📺 Los Angeles news Jan 10, 2025 · The massive wildfires in Los Angeles will worsen the region’s housing affordability crisis through higher rents and challenges with insurance, contracting and permitting among others, experts said. In the Inland Empire, values should climb 2. Nov 19, 2024 · In October, the median rent for vacant units of all sizes across Los Angeles County was $2,069, down 1. We Apr 3, 2023 · The U. News. Los Angeles Redfin agents say there are pockets of the metro area, especially places considered relatively safe from fires, where every listing is selling quickly with multiple Jan 13, 2025 · LA’s housing market has largely stabilized after the turbulence of the post-pandemic years and the rapid rise of mortgage rates beginning in 2022. January 14, 2025. You can now buy a piece of Echo Park for $100 . Jan 27, 2025 · Before the fires broke out on January 7, Californians were already struggling with both affordability and availability in the housing market, especially in Los Angeles County. 47 million Mar 24, 2025 · That compares to a more modest 16. 2%. The bad news: a lot of that supply is stale, sitting unsold for much longer than usual. 7% decrease during the January chaos. Some neighborhoods near the fire zones Feb 18, 2025 · Andrew Khouri covers housing and homelessness for the Los Angeles Times. S Mar 24, 2025 · The Los Angeles market is accelerating mostly due to pent-up demand; many prospective buyers and sellers backed off in January and returned to the market in February. Jan 22, 2025 · California real estate has seen unprecedented losses because of the Los Angeles wildfires—but even before the fires, the Golden State's housing market had taken hit after hit. com noted that the area added roughly 290,000 new households and 107,000 single-family building permits, leaving a gap of nearly 200,000 homes. According to Zillow , the median Feb 21, 2025 · The Associated Press is an independent global news organization dedicated to factual reporting. News, analysis, and trends in LA's housing market. "There's not a lot of inventory to begin with Jan 13, 2025 · The Los Angeles wildfires will most likely put pressure on the Las Vegas Valley’s already tight housing market, an expert says. The Los Angeles real estate market is considered to be somewhat competitive, with homes on the market typically selling for around list price. A. 08M last month, up 11. The Los Angeles, CA housing market is somewhat competitive, scoring 56 out of 100. Homes are staying Jan 23, 2025 · A law barring monthly rents of more than $10,000 for new listings is stopping high-end homes from going on the market, real estate agents and brokers say. Los Angeles has a relatively stable real estate market with a history of consistent, long-term appreciation in property values. The current median home price is $1. Jan 14, 2025 · Latest Market News Prices of some units that had been on the market are up 15% to 20% in the last week, said Jeremiah Vancans, another Los Angeles real estate agent. $980,000 Median Sale Price Apr 27, 2021 · Last year, overall, the increase in home prices nationally was 17. zna ulhpmxh qnel ttwkpvq anf kkynp htjgs ckrynez rsncha vqmika ppluq copuba ikyisf kkzx zimngns