"In December, Los Angeles experienced an invigorating rise in active listings, reaching a total of 2,836 homes, a notable 14.6% increase from the previous year. This surge surpassed the national growth rate of 12.1% in active listings. Additionally, the city welcomed 540 newly listed homes, marking a 3.1% increase, starkly contrasting with the national trend of a 1.8% decline. This influx of fresh options enriched the market, offering buyers an exciting array of choices."
"The median listing price in Los Angeles settled at $1,199,500 in December, showcasing a slight 2.1% dip from the previous year. This decrease was more pronounced than the national median listing price drop of 0.6%. With the share of homes experiencing price reductions rising by 0.6 percentage points to 8.4%, buyers found themselves in a position to capitalize on favorable pricing amidst increasing options."
"Homes in Los Angeles lingered on the market for a median of 70 days in December, a modest 3.7% increase from the previous year. This duration was slightly shorter than the national median of 73 days, which also rose by 5.0% year-over-year. The lengthening market times presented buyers with the luxury of time to make thoughtful decisions, further enhancing the buyer-friendly atmosphere."
December in Los Angeles brought a 14.6% year-over-year increase in active listings to 2,836 homes, outpacing the national 12.1% rise. The city added 540 newly listed homes, a 3.1% increase versus a 1.8% national decline. The median listing price was $1,199,500, down 2.1% year-over-year, larger than the national 0.6% decline. The share of homes with price reductions rose by 0.6 percentage points to 8.4%. Median days on market increased 3.7% to 70 days, slightly below the national median of 73 days. Buyers gained more choice, time, and negotiating leverage while sellers faced heightened competition.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]