Year over year sales for condos and townhomes (legally defined as condos) in the Los Angeles metro area fell 24% from December of 2017 to December of 2018. We expect SFR sales volume to be very similar. While 2018 launched with high sales figures and the accompanying bidding wars, the year tapered off quickly after […]
2018 began with very high prices, at historical lows for interest rates, and in a seller’s market. That’s shifted in the last few months, with price growth dwindling, high interest rates, and the beginnings of a buyer’s market. Here’s what a few experts are predicting that means for 2019. Aaron Terrazas, Zillow’s director of economic […]
The market had been a seller’s market for quite some time, but now the scales are tipping more towards buyers, leading to what is now a flat market. As of June of 2018, home prices were still on the rise, albeit more slowly. But sellers noticed something — they weren’t selling without a price cut. […]
To give you the most current information, we personally chart sales activity in the LA South Bay. This hyper-local information often involves very small numbers of sales to work with on a monthly basis. This December 2017 chart shows the daily changes in the number of homes available in blue, and the trend line in […]