The most impressive metric from the Los Angeles County real estate market report is a jump in median sale prices. The median sale price for single-family homes has increased by 17.5% from last year to $819,000 last month and at the same time, inventory has dropped 12.24%. 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 usually with multiple offers.
Check out the full Los Angeles County report below to find out where home prices and inventory are for your city. Real estate is an essential business and if you need to buy or sell at this time, we can help make it happen.
If you have any questions about the Los Angeles County real estate market and how to navigate it properly during coronavirus, reach out to a First Team agent for assistance. We’re here to help you find a winning real estate strategy while ensuring the safety of you and your family in the current climate.