Los Angeles Housing Market Update 🔥 July 5th, 2020

Jul 9, 2020

Velocity is strong at all price points even the ultra high end.  Interest rates, limited inventory and buyers desire to

Improve their personal space during quarantine are levers pushing the market forward.

 

Single family home sales in the MLS for June 2019

Vs. June 2020 From Santa Monica to Los Feliz are as follows:

 

Number of homes sold are down -25% 

442 sales in 2019 and 312 in 2020.

 

Sales Volume is down -11% 

$1.051B in 19 and $1.034B in 20.

 

 Home sales over $10M are up 100%

 with 8 in 2019 and 16 in 2020.