(323) 422-7147 Juliette.Hohnen@elliman.com

Compare Listings

November 2021 Micro Market Report

November 2021 Micro Market Report

It’s almost the end of the year and many are wondering where home prices will go from here. The median sales price in LA county was $880,000 which has risen 10% year-over-year. This year is definitely a great time for sellers looking to cash in on their equity. We continue to sell for top dollar in Los Angeles which brings the bidding wars and multiple offers in this seller’s market with low inventory. Los Angeles County only listed 11,859 properties for sale compared to 17,525 in 2020, which is a significant decline of -32.3% year-over-year. The 30-year average fixed mortgage rate, while still historically low, rose to 3.14% at the end of October. Whether you’re buying or selling this year, the market is still moving fast in almost every city across LA County.

Click here to read the full November 2021 Micro Report for Los Angeles, with statistics from neighborhoods and counties across Southern California.

img

Juliette Hohnen

    Related posts

    • Blog

    Holiday Safety Tips for The Home

    During the holiday season, we tend to get wrapped up in the festivities, gift-giving, and family...

    Continue reading
    by Juliette Hohnen

    2021 Holiday Gift Guide

    Books Greenlights #1 New York Times Best Seller • Discover the life-changing memoir of Matthew...

    Continue reading
    by Juliette Hohnen

    October 2021 Micro Report

    The median home price in Southern California has risen again. The median sales price in LA county...

    Continue reading
    by Juliette Hohnen