Los Angeles Real Estate Market

2025 has been one to watch as buyers and sellers both wonder where the market is going. Los Angeles County home prices have remained remarkably flat year over year, with as average 0.5% uptick in value overall, with the Westside gaining closer to 2.25% higher in value. Condominiums on the other hand have taken a large hit as many struggle with retrofitting complexes to meet more stringent guidelines. Westside condominiums are down an average of nearly 10%.

Mortgage interest rates are relatively low compared to the last few years, however, homeowners with previously unheard-of 3-5% interest rates hesitate to give up such delicious savings. Now that the reality of rates in the 6s and 7s has set in, and rates have come down some from earlier in the year, there are more properties coming on the market, giving home buyers a chance to find a home. 13% more in fact. (Fact: the historic average mortgage rate is 7.74% from 1970 to 2025.) Sales are up nearly 9%.

As we enter the holiday season, price reductions are likely, creating more opportunity for buyers previously prices out of the market. Typically we see price declines from the 3rd week in October through the 3rd week in January, when buyers head back into the home buying market.

Los Angeles is a very large place. Every neighborhood’s market is different. Contact me for a customized report for your area and a complementary review of your home’s value.

Sincerely,

Tiffany Thompson

tiffany@tiffanyforhomes.com

Call (310) 776-0258 or Text 310-776-0258

* Data reported by theMLS.com (aka CLAW: the Combined Los Angeles, Westside MLS, 3rd Quarter Reports).

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