Andy's Corner - June 2025

June has arrived, and with it, the unofficial start of summer. School’s out, beach parking is full, and al fresco dining is in full swing. Whether you're escaping to the pool, enjoying a warm evening stroll, or just finding ways to stay cool, there’s something about this time of year that brings everyone outside. Hope you're making the most of these sunny days! Stay hydrated my friends.

Cheers,

Andy

As we wrap up May, the Los Angeles housing market is showing signs of slowing down slightly. The median list price is currently $1,695,000, and the Market Action Index (MAI)—which reflects the balance of supply and demand—has dipped to 37, down from 38 last month.

Here’s a quick look at what’s going on:

Market Cooling Slightly – While inventory has stayed steady at around 1,867 homes, the pace of sales has eased a bit. This is reflected in the MAI trending lower.

Prices Holding Flat – Home prices have plateaued for now. We’re not seeing big moves up or down, which suggests the market is in a temporary holding pattern.

What to Watch – The MAI is a key indicator. If it starts to rise again, expect prices to follow. But if it drops further—or slips into the Buyer’s Market zone—we could see downward pressure on pricing.

Even with the cooling trend, we’re still in a Seller’s Market, which means demand is outpacing available homes. If you're thinking about listing, it’s still a solid time. And for buyers, a calmer market can offer more breathing room to make decisions.

As always, I’m here to help you make sense of what’s happening and guide you through your next move—whatever that may be.

—Andy