July 2026: Los Angeles Market Update

July 2026: Los Angeles Market Update

We hope everyone had a very happy and safe Fourth of July. As summer continues, we are grateful for the opportunity to stay connected with our clients, neighbors, and community throughout Los Angeles.

On the market front, the Los Angeles residential real estate market saw a stronger June after a more measured May. Per the MLS, the median sale price increased to $1,398,000, up from $1,310,000 in May, representing a 6.7% month-over-month increase. Closed sales also rose modestly, with 527 homes sold in June compared with 513 in May. While the increase in sales was not dramatic, it is a healthy sign that demand continued to keep pace with growing inventory, demonstrating genuine buyer activity rather than a purely seasonal lift. Average days to sell also improved to 36 days, though that figure tells only part of the story. Homes with the right pricing, presentation, and overall market fit are moving efficiently, while properties priced for last year’s market are taking noticeably longer.

Mortgage rates also offered some modest relief heading into July. According to Freddie Mac, the 30-year fixed-rate mortgage currently averages 6.43%, down slightly from the prior week and lower than this time last year. While affordability remains an important factor for many buyers, even small rate improvements can help support confidence and keep serious buyers engaged. Easing rates may also encourage more homeowners to consider listing, including those who have been hesitant to give up lower pandemic-era rates, which could contribute to additional inventory in the weeks ahead.

Across Los Angeles, June’s numbers suggest a market that remains active, but not without nuance. The increase in median price and closed sales reflects continued demand, while the shorter average selling timeline shows that buyers are still responding when a home is well positioned. At the same time, buyers remain selective. With more choices available, they are taking a thoughtful approach, and the strongest results continue to depend on preparation, strategic pricing, and a clear understanding of current market conditions.

At Highland Premiere, July is shaping up to be an exciting month, with several new listings and off-market opportunities preparing to launch across Los Angeles. We look forward to sharing these homes with our clients and community and continuing to provide thoughtful guidance as the summer market unfolds. We are also looking forward to our next Playa Vista Bagels & Brew on Friday, July 17. We hope you will stop by for a relaxed morning of coffee, bagels, and conversation with our neighbors and friends. As always, we are grateful to remain a trusted resource for our clients and community, and we look forward to continuing to serve with care in the months ahead.