Los Angeles County's median price in July 2022 was $846,320.

Los Angeles County's median price in August 2022 was $854,960.

In August, the median home price took a small jump of 3% from the previous year and 1% from the previous month. It fell in July 2022, which was disappointing because it typically climbs from June to July it even rose from June to July in 2009, when all hell had broken loose, putting this drop in a unique perspective.

The median price in Los Angeles County peaked in September 2021 and has been on an up-and-down roller coaster since. Bidding wars have become less prevalent as a result of fewer buyers and more inventory, so buyers may have an easier time bidding around the asking price. There has been a decrease in house purchases and an increase in the number of homes for sale. After a two-year housing boom spurred in large part by record low borrowing costs, the Los Angeles real estate market is now cooling down. We'll discuss the recent trends in the Los Angeles housing market. Housing Market Correction And What It Means For You Īre Housing Prices Going Down in Los Angeles?.California Housing Market: Prices, Trends, Forecast 2022-2023.Washington State Housing Market Forecast 2022 & 2023.Tennessee Housing Market: Prices, Trends, Forecast 2022-2023.Orange County Housing Market Forecast 2022 & 2023.Denver Housing Market: Prices, Trends, Forecast 2022-2023.

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