April 2026: Los Angeles Market Update

April 2026: Los Angeles Market Update

April brings exciting news. We are proud to welcome John Thurman to the Highland Premiere family. John brings a steady, people-first approach shaped by his background in nonprofit leadership, along with a strong foundation in negotiation, strategy, and client care. His focus on clarity, communication, and long-term value makes him a natural fit for our team and a trusted resource for clients across Playa Vista and the Westside.

On the market front, the Los Angeles residential real estate market continues to build momentum as spring gets underway. Per the MLS, March closed sales increased to 453 transactions, up from 390 in February, marking a 16% month-over-month gain. Median sale price also rose to $1,375,000 in March, a 3% increase from $1,332,500 in February. This rise in both activity and pricing reflects a market that continues to strengthen heading further into the spring season.

Mortgage rates moved modestly higher in March. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.38% in late March. While that is above February’s dip, rates remain below year-ago levels, continuing to support buyer activity, albeit at a more measured pace. Even so, well-prepared buyers are continuing to act when the right opportunities come to market.

Across Los Angeles, we are seeing this momentum translate into meaningful activity. Well-positioned homes are attracting early interest, and buyers are responding quickly when pricing, presentation, and location align. At the same time, buyers remain thoughtful and selective, creating a market that continues to reward strong preparation and strategy.

At Highland Premiere, April is shaping up to be an active month, with several closings scheduled and a strong lineup of new listings preparing to come to market. We are also looking forward to connecting with our neighbors in the community at our next Playa Vista Bagels & Brew, and hope you will stop by for coffee, bagels, and conversation.

We remain grateful for the continued trust of our clients and community and are committed to providing thoughtful guidance as the Los Angeles market continues to evolve this spring.