November 2021 Real Estate Market Update for Selected San Fernando Valley Communities

After months and months of increasing home prices in almost every Los Angeles community, October saw a change in the real estate market in some areas. Is it the beginning of a trend? It’s too early to tell. It does support the California Association of Realtors Housing Market Forecast for 2022 – with the sale price increase slowing to 5.2% for the next year (compared to a 20.3% increase in 2021), while the number of sales will slow as well. for more details, watch the video.

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Source: CRMLS, The MLS

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