It’s time to unearth the allergy medicine! Spring brings back eating outdoors, hiking, and more justification for gelato.
It’s a good time to reset, clear out what you don’t need, and start thinking about what you want the rest of the year to look like. Hope you’re enjoying the extra daylight and finding some fresh momentum as we head into a new season.
Cheers,
Andy
Learn more here
Learn more here
Learn more here
Learn more here
Learn more here
The Los Angeles real estate market continues to hold steady. The median list price is $1,495,000, showing overall price stability in recent weeks. The Market Action Index (MAI) is currently at 36, unchanged from last month. This tells us the balance between supply and demand hasn’t shifted much. We’ve reached a relative stasis point, where sales and available inventory are moving at a similar pace.
Inventory remains steady at around 1,637 homes, which is still low enough to keep Los Angeles in a Seller’s Market. While the market feels like it’s paused at this plateau, it’s important to keep an eye on the MAI. If buyer activity increases and the MAI begins to rise, we could see renewed upward pressure on pricing. The MAI remains one of the strongest leading indicators of where the market is headed next.
For sellers, low inventory continues to support pricing. For buyers, this period of stability may present an opportunity before momentum shifts again.
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 01527235, 01527365. 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.
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