The calendar’s flipped to October and you can feel the vibe shift over to spooky season. You’re asking yourself, is it acceptable to order a PSL iced? Spirit Halloween has taken over. Halloween plans are taking shape, football is in full swing, and things are starting to get cozy. Hope you’re finding time to enjoy the season.
Cheers,
Andy
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As we wrap up September, the Los Angeles real estate market continues to show stability with a slight cooling trend. The median list price is now $1,539,000, while the Market Action Index (MAI)—which measures the balance between supply and demand—has dipped to 34, down from 35 last month.
Here’s what’s happening in the market:
Market in Pause Mode – Inventory has increased to 2,089 homes, and sales activity has been balancing out with available supply. This has created a period of relative stasis, where prices aren’t making dramatic moves.
Still a Seller’s Market – Even with more homes available, inventory remains low enough that sellers still have the upper hand.
What to Watch – The MAI is a leading indicator to keep an eye on. If it begins to climb again, prices could resume an upward trend. If it drops further, that could introduce downward pressure on home values.
For now, the market is hovering at a plateau, creating a steady environment for both buyers and sellers to plan their next steps with confidence.
As always, I’m here to guide you through these shifts and help you make the most of your real estate opportunities.
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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