November 2026: Los Angeles Market Update
November brings cooler weather, the holiday season, and a slower pace as we approach the end of the year. The Los Angeles housing market is beginning to reflect this seasonal shift, with 484 homes sold in October, a 10% decrease from September, per the MLS. Despite the decline in sales activity, the median sales price in Los Angeles City edged up 0.6% to $1,338,500. These figures suggest a more measured pace in the market, with home values remaining relatively stable as we enter the final months of the year.
Mortgage rates have also brought some encouraging news. According to Freddie Mac, the average 30-year fixed-rate mortgage declined for the third consecutive week, landing at 7.18%. While rates remain higher than this time last year, the recent improvement is a welcome development for prospective buyers. Even as the market slows, meaningful opportunities remain for both buyers and sellers, particularly with the right strategy, preparation, and guidance.
October was also a wonderful month for our Highland Premiere community! We had an incredible time sponsoring the 8th Annual Playa Vista Monster Dash 5K. Thank you to everyone who stopped by our booth. We loved catching up with familiar faces, sharing bagels with our neighbors, and watching our littlest community members enjoy the face painting. We are also thrilled to share several exciting new listings across the greater Los Angeles area, from Playa Vista to Palos Verdes, along with a special opportunity to represent a collection of condominium residences in the heart of Koreatown.
As Thanksgiving approaches, we are especially grateful for the continued trust and support of our wonderful clients, friends, neighbors, and community. We wish you and your loved ones a wonderful Thanksgiving and look forward to all that the remainder of the year brings.
