![]() |
| Market Update Data for LA County |
Single-Family Homes Prices for October 2025
The single-family market in Los Angeles County showed mixed but generally stable performance in October 2025:
-
New Listings: Down 5.2%, indicating slightly reduced seller activity.
-
Pending Sales: Fell 15.3%, reflecting softer buyer demand.
-
Closed Sales: Up 4.5%, suggesting that previously delayed transactions may have closed.
-
Days on Market: Increased from 33 to 40 days (+21.2%), signaling slower market pace.
Pricing:
-
Median Sales Price: Essentially flat at $999,942 (+0.1%).
-
Average Sales Price: Increased 5.3%, reaching $1.47M, pointing to strength at higher price tiers.
-
Percent of List Price Received: Slightly lower at 99.7%.
-
Inventory: Nearly unchanged (down 0.5%), maintaining a 3.7-month supply.
Year-to-Date: Prices remain higher than 2024 levels, with median price up 4.6%, but sales volume remains nearly flat.
Townhomes & Condominiums
The condo and townhouse segment showed increased supply but weakening demand:
-
New Listings: Up 11.5%, providing more options for buyers.
-
Pending Sales: Down 18.0%, highlighting a significant drop in buyer activity.
-
Closed Sales: Nearly flat, slipping 0.6%.
-
Days on Market: Lengthened from 41 to 50 days (+22%), showing slower absorption.
Pricing:
-
Median Sales Price: Declined 2.7% to $675,000.
-
Average Sales Price: Down 2.7%, though YTD average price is up 3.2%, suggesting recent softness following earlier strength.
-
Percent of List Price Received: Slightly weaker at 99.0%.
-
Inventory: Rose sharply by 18.8%, pushing months of supply to 5.4, indicating a more favorable environment for buyers.
Year-to-Date: Both pending and closed sales remain below 2024 levels, accompanied by modest price softening.
Overall Market Takeaways for Los Angeles County
-
Single-family homes are holding value, though market activity has slowed.
-
Condos/townhomes are experiencing rising inventory and declining prices, shifting negotiating leverage toward buyers.
-
Longer days on market across both segments indicate a less competitive environment compared to 2024.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

No comments:
Post a Comment