As we move through late Q3, Los Angeles County’s real estate market is showing signs of leveling off. After several years of rapid price growth, closed-sale prices are now mostly steady or just slightly higher year-over-year, reflecting a plateau rather than another leap in home values. Median listing prices are around $950K—about 5% below last year—as more sellers adjust their expectations and trim asking prices. In fact, by early Q4, about 37% of condo listings saw price cuts, marking a new high in some records, and some properties are taking longer to sell. Active listings have edged up to roughly 15,400, a 4% increase from last year, indicating that supply is growing gradually, though not flooding the market. At the same time, higher mortgage costs continue to challenge affordability for many families, leading to a mixed picture for sales and more frequent price adjustments, even as the median price holds steady. My experience in business finance and real estate development allows me to see these trends as opportunities for families to make thoughtful decisions—whether buying, selling, or planning for the future. I remain committed to helping families navigate these shifts and build lasting wealth through real estate.
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