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We’re finally getting some consistent sunshine and there are a lot of amazing outdoor activities and events to enjoy. LA is back to enjoying all the rooftops and patios, especially now that the views are greener than ever. Since this city is now experiencing a skincare paradigm shift, don’t forget your sunscreen, water bottles, and floppy hats!
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The median list price for homes in Los Angeles is currently $1,649,000, showing a strong market presence. Our Market Action Index (MAI) is at 43, which is an increase from last month’s index of 40. This indicates a hotter market that’s increasingly favoring sellers.
We’re seeing an inventory of 1,234 homes on the market, which has increased. However, the demand continues to outpace supply significantly, fueling a sustained rise in home prices. The dynamics suggest that the market will likely maintain its current trend of increasing prices due to high demand and relatively fewer homes listed.
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For anyone looking to jump into the market, now is the time to be alert and ready to move quickly, whether you’re buying or selling. The current conditions strongly favor sellers, and buyers should be prepared for competition. If you have questions or need assistance navigating the Los Angeles real estate market, don’t hesitate to reach out. Happy house hunting or selling!
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Real Estate Agent & Advisor
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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.
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