June 2024: Los Angeles Market Update
June 17, 2024
June 17, 2024
June 2024: Los Angeles Market Update
As we enter the summer season, the mortgage rates continue to hover around 7% for the past 5 weeks, landing at 6.99% for the 30-year fixed mortgages this past week. Many buyers are adapting to the new norm and continue to make savvy real estate moves, taking advantage of the increased inventory. The number of homes listed in Los Angeles increased by 15.4% from April to May.
The Los Angeles real estate market is expected to remain active and competitive throughout the second half of 2024. Just as we saw earlier this year, homes in prime neighborhoods will continue to be in high demand and go into multiple offers. We encourage you to not wait to start your real estate journey. At Highland Premiere, we are always available to help you understand the ins and outs of the real estate process and look forward to helping you find the best deals in today's market.
Stay up to date on the latest real estate trends.
March 9, 2025
The devastating January 2025 Eaton and Palisades wildfires, which scorched over 37,000 acres and destroyed thousands of homes, left many Los Angeles residents facing a… Read more
March 7, 2025
As we enter March, the Los Angeles real estate market continues to feel the impact of the devastating January wildfires, which have displaced thousands of residents an… Read more
February 11, 2025
As we enter February, we are mindful of the effects of the devastating January wildfires on our Los Angeles neighbors and communities. Members of the Los Angeles real … Read more
You’ve got questions and we can’t wait to answer them.
Highland Premiere Real Estate
12696 Millennium Drive
Los Angeles, CA 90094
DRE #01919746
DRE #01925833
