Andy's Corner - August 2026

August always seems to sneak up. Summer's still going strong, but you can feel everyone trying to fit in one more trip, one more barbecue, or one more weekend by the water before the season starts to wind down. The days are still super hot, the evenings are still hard to beat, and LA is making the most of every hour of daylight.

Don't let the calendar fool you into rushing through the month. Take advantage of the long evenings, enjoy a meal outside, and make time for the people you haven't seen enough this summer.

And yes, the usual reminders still apply: mineral sunscreen, plenty of water, and a little patience with the traffic.

Hope you're enjoying the last full month of summer.

Cheers,

Andy

As of July 27, the Los Angeles real estate market is showing signs of cooling after several months of stability. The median list price is now $1,400,000, reflecting a noticeable decline as prices continue to pull back from the market's recent highs.

The Market Action Index (MAI) remains at 36, unchanged from last month. While the MAI still places Los Angeles in Seller's Market territory, recent trends suggest buyer demand has softened as more homes become available.

Inventory has increased to 2,059 homes, giving buyers more choices than we've seen in recent months. With supply growing and demand easing, we're beginning to see downward pressure on home prices.

Looking ahead, the MAI will continue to be the key indicator to watch. If it declines further and moves into Buyer's Market territory, prices could continue to soften. On the other hand, if buyer activity strengthens and the MAI begins to climb again, it may signal that prices are ready to rebound.

For sellers, pricing your home competitively is becoming increasingly important as buyers have more options to choose from.

For buyers, improving inventory and lower prices may create more opportunities and greater negotiating power than earlier this year.

As always, I'm here to help you understand these market trends and make informed decisions, whether you're buying, selling, or simply keeping an eye on the Los Angeles real estate market.