|
|
With March coming in, we welcome the first signs of spring—longer days, warmer afternoons, and a renewed start to an already tough year for many. Hopefully we all get a break from winter viruses and can go back to socializing and enjoying our beautiful city.
Wishing you a wonderful month!
Cheers,
Andy
|
|
|
|
|
|
|
|
|
|
|
|
|
As we move through March, the Los Angeles real estate market continues to show signs of stability. The median list price is now $1,629,500, reflecting a steady rise as buyer demand remains strong.
|
|
|
|
|
|
|
|
|
One key metric to watch is the Market Action Index (MAI), which measures the balance between supply and demand. This month, the MAI has climbed to 38, up from 36 last month. This increase suggests that buyer activity is picking up, keeping us firmly in a Seller’s Market. While inventory has increased slightly to 1,458 homes, demand continues to outpace supply, which could lead to upward pricing pressure if the trend continues.
For sellers, the strong demand and low competition make this a great time to list your home. For buyers, while prices remain stable for now, acting sooner rather than later could help you secure a home before prices rise further.
Feel free to reach out if you have any questions—I’m here to help you make the most of the current market.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
|
|
|
|
|
|
|
