March 2026: Los Angeles Market Update

March 2026: Los Angeles Market Update

As March begins, the Los Angeles residential real estate market is showing clear signs of seasonal acceleration. Per the MLS, February closed sales increased to 376 transactions, up 19% from 317 in January. Median sale price also rose 5%, from $1,258,000 to $1,322,500. As we move closer to spring, this lift in both activity and pricing reflects renewed engagement from buyers and sellers beginning to act on plans set earlier in the year.

Mortgage rates have provided additional support. The 30-year fixed-rate mortgage landed at 5.98%, returning to the 5% range for the first time in more than three years, per Freddie Mac. Combined with a gradual improvement in available inventory, this shift is helping re-energize buyer confidence as we enter the spring homebuying season. While broader economic factors remain important to monitor, the current rate environment is creating meaningful opportunity for well-prepared buyers.

Locally, we are seeing this momentum translate into tangible activity. Open house traffic has strengthened, serious inquiries are increasing, and well-positioned homes are moving with intention. At Highland Premiere, we closed several escrows in February, opened new escrows on existing listings, and are preparing additional properties to come to market in March. The tone is constructive, with thoughtful buyers and motivated sellers engaging in productive negotiations.

As always, we remain grateful for the trust our community places in us. Whether you are preparing for a spring move or simply staying informed, we are here to guide you with clarity, strategy, and steady support as the market continues to evolve.