Los Angeles April 2025 Market Update

But, your year-over-year market update this is what's going on in the city of Los Angeles under a million dollars. You have one house difference compared to last year that have come on the market. So, it's been very steady, and we continue to see this as you get closer to summer, where more people are getting motivated to make the moves, to make changes because getting their house ready to launch on the market. It's a good opportunity because the kids are going to be out of school, that's pressure on the parents, or whatever the case is.

$6000 less of equity, okay? So, there is a little market shift. We are seeing it. There's definitely more negotiating power if you are a buyer, and the house has been sitting on the market for a substantially long period of time. If you are a seller, pricing is extremely important nowadays, and also being a seller that is taking the market in, watching it every day, getting well-informed, and being reasonable is extremely important.

Location, if you are a buyer is extremely important. It's not just about you purchasing a beautiful home that's fully flipped and renovated, it's also where is that house sitting at, and the location that's sitting at that's going to make you the income or bring the good equity longterm. The days on market are a little bit longer compared to last year, almost 60 days on market. So we are seeing that, which has been very rare. We have not seen this market in a while, but this is what it is. The rates did drop, but we are not going to see the three or fours, at least that's not the expectation. So, if you're one of those buyers that are waiting make the move because you're hoping that the rates are going to go to the threes, yeah, you're going to be sitting and waiting for a long time. So, that's the update. Days on market a little bit longer, $6K of equity, and basically one house difference when it comes to the days on market.

So, I am very excited about the announcement that I will be making soon. Stay tuned for that, but I hope that this market update was eye-opening. Please reach out to us if you are a seller, and you want to get your house on the market, or just learn what the market around your home is doing. And if you are a buyer, and you want to learn on what you can do to prepare to purchase a house successfully in this market, reach out to us. We are happy to be of service, and answer any questions. Have a fantastic Monday.