Los Angeles County Housing Market for January 2022

• Single family house median price is up 13.6% since January 2021. 
• For 24 months there has been less than 4 months of housing supply, for the last year there's been less than 2 months supply, currently 1.2 months supply. 
• January 2021 there were 7,862 houses, currently 5,215 houses on market (active listings). 
• Days on market last January: 28 -- days on market; January 2022: 29 -- one day longer. (47 days in Jan. 2019).
  
• Average percent of original list price received this January was 102.7% (2.7% over list price).
• Number of showings per listing this January was 5.9-- last January it was 6.5 showings per listing. 
• Of 3,139 SFR sales in Los Angeles County this January, 17% were all cash.
• Only 2% of the 3,139 sales were contingent upon buyer's sale of a home.
  
• Median list SFR price was $860,000--median closed price was $895,000 for this January.
• Buyers see on average of 10.1 houses before going into contract, but the median is 2 showings.
  
•  (Data as taken from CRMLS)
  
  
  
  
•  Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996