The Los Angeles housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Los Angeles currently stands at $1,055,000. With 4.5 months of supply, Los Angeles's inventory levels remain relatively tight. Homes are taking about 46 days to sell, which is 7 days longer than this time last year. A significant 24.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 39.6% of homes sold above list price, indicating some competitive segments within the market. With an affordability index of 2.1, Los Angeles offers relatively good value compared to other major markets. Based on current market indicators, home prices in Los Angeles are projected to decrease by approximately 21.5% over the next month.
Los Angeles, CA has a total population of 6,965,507 residents. with a significant Hispanic/Latino community (22.4%). with Asian residents representing 5.9%. This creates a relatively diverse demographic makeup for the area. As a large population center, Los Angeles, CA offers diverse community resources and amenities.
Market predictions for Los Angeles, CA show an upward trend in home prices, with values increasing by 13.2%. This represents a significant price movement in the market. The current median home price in Los Angeles, CA is approximately $938,162.32. Based on current trends, home prices in Los Angeles, CA are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Los Angeles, CA features 22 investment hotspots with varying levels of activity. With an average nightly rate of $172, the market offers mid-range pricing opportunities. The average rating of 3.7/5 indicates moderate guest satisfaction. With an average hotspot score of 0.74, these areas show good investment opportunities. The area is well-developed with 420 hotels, indicating established tourism infrastructure.
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