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Monthly Housing Analysis by City

Recent statistical analysis of the Los Angeles real estate market shows that while there was a dip in the median price of sold residential real estate from September to October 2017, the longer-term uptrend is still in place.

The median sale price increased from $485,000 in October 2016 to $520,000 in October 2017. Other statistics increased as well. For instance, days on the market dropped from 28 days to 22 days over that same period

https://www.car.org/en/marketdata/interactive/citylevel

The Federal Reserve just bumped its key rate by ¼ point. While mortgage rates inched up a bit, the rate for a conforming, 30-year fixed mortgage remains under 4%.

That said, there were three rate hikes this year and additional rate increases are predicted. If you are considering buying a home, give us a call while these rates remain under 4%.

We look forward to hearing from you.