Los Angeles March 2025 Market Update

So, we had 40 more homes come on the market this year compared to last year. Interesting enough, they're selling for 11,000 on average less than last year. And the days on market are a little bit longer, about 46, 48 days, almost 50 days on market depending on the structure, the location. You have to take everything into consideration when you pull those numbers. These are general information. It doesn't mean that it applies specifically to you. Perfect example being the listing that we just sold that was one day on the market with multiple offers and sold for over 200,000.

So, that information is basically your market update for the month of March. There's a lot of changes in our industry that are happening right now that our president has put into effect when it comes to loans. We're happy to connect you with our professional mortgage partners to give you more insight on that because a lot of the requirements are changing. For those of you that are interested in purchasing a property, right now is an amazing time for buyers to get out there and look at homes and to also see what opportunities you have. As you can see, the market is softening a little bit if your house is not priced accurately. 

And so, if you are a seller and you hire a professional to list your home, our team, we have to come up with a strategy. You have to go based on the market analytics. And also just really come up with a really good game plan in order for you to be successful from start to finish. So, that's your market update. I hope that this video finds you amazing and that you have a great weekend because it's supposed to be in the 80s. Although yesterday was crazy rain here. Anyway, have an amazing Friday.