Los Angeles County Real Estate Market Update | May 2021

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Aerial view of Los Angeles with Griffith Observatory and downtown skyline.

According to the Los Angeles County real estate market report for May 2021, inventory has increased over the last 3 months but is still below last year’s numbers. The median sale price of single-family homes is up to $925,000, and this summer is undeniably a great time to sell for homeowners looking to cash in on their equity. In Long Beach, the average sale price of single-family homes has jumped to $910,480, a 19.45% year-over-year increase! Homeowners who recognize this as the ideal time to sell are taking advantage of the seller’s market across Southern California, selling for top dollar and spurring bidding wars with multiple offers.

Check out the full Los Angeles County report below to find out where home prices and inventory are for your city. Be warned, whether you’re buying or selling this summer, the market is moving FAST in nearly every city across LA County.

If you have any questions about the Los Angeles County real estate market and how to navigate it the busy summer rush, reach out to a FirstTeam agent for assistance.