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.
To find out how another LA community is doing, reach out to me. I’ll send you your own market update.
To see how this market is impacting your Home’s value, get your personalized, complimentary market report here.
Source: CRMLS, The MLS