Whether you are buying or selling a home you will want to know, how is the Los Angeles real estate market
- Is it a buyers’ or a sellers’ market?*
- What are the comps for the property in which you are interested?
- How does your home stack up compared to recent sales of similar properties?
- What is the sold vs list price in the area?
*Months inventory reveals whether it is a buyers or sellers market. 0 to 4 months favors sellers; 4 to 7 months is a balanced market; over 7 months favors buyers.
Los Angeles real estate market trend by selected area (More areas to follow)
Build your own criteria. You can compare monthly median and average sold prices, property type, days on the market, sold price vs list price, etc. You can compare areas. With this information you will be a well-informed buyer or seller and ready to start your journey to a new home.
Neighborhood Snapshot Tutorial
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