REAL ESTATE NEWS (Los Angeles, CA) — What’s happening now with the L.A. urban property market? More stagflation! The numbers are in, and they show continuing economic stagnation and price inflation, with fewer buyers, fewer transactions, yet selling faster, with higher prices for urban homes:
2021: Listings 59; Days on Market average / median 55 / 34; Price med / avg $575,000 / $644,978
2022: Listings 42; Days on Market average / median 33 / 21; Price med / avg $629,500 / $778,675
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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.