October 2024: Los Angeles Market Update
October 7, 2024
October 7, 2024
October 2024: Los Angeles Market Update
As we enter October, the autumn season brings some uncertainty to the real estate market. Despite continually declining interest rates this summer, the Los Angeles real estate market was less stimulated than previous years. Per the MLS, inventory increased 10.6% from August 2024 to September 2024 while the number of homes sold decreased 19.2%. Buyers also remained vigilant to engage in only the best real estate deals with the best rates and terms. Even with mortgage rates falling an entire one and a half percentage points in the last year, Buyers continued to hope for even further rate declines. Despite a slight increase in this week’s mortgage rates landing at 6.12% for the 30-year fixed mortgage, the anticipation of additional rate cuts, the deceleration of home price growth and the increasing inventory provide an interesting landscape for Los Angeles and Orange County homebuyers this quarter.
Stay up to date on the latest real estate trends.
November 14, 2025
Los Angeles might not get snowflakes or frosty winter nights, but it more than makes up for it with twinkling lights, over-the-top pop-ups, and plenty of festive fun. … Read more
November 13, 2025
Culver City continues to be one of Los Angeles’ most stable and desirable housing markets. In 2025, median home prices hover around $1.1–$1.3 million, depending on the… Read more
November 12, 2025
If you’re dreaming of buying your first home in Los Angeles, few neighborhoods offer a better mix of modern convenience, coastal charm, and smart living than Playa Vis… Read more
November 12, 2025
As we welcome November, we’re reminded of how much we enjoyed connecting with our community over the past month, from the PVES Boo Bash to the Playa Vista 7th Annual M… Read more
October 28, 2025
If you’re considering a move to the Los Angeles area, Playa Vista deserves to be near the top of your list. This meticulously planned, tech-infused community on LA’s W… Read more
October 24, 2025
Tucked between Marina del Rey, Culver City, and Westchester, Playa Vista has become one of the most desirable and talked-about communities on the Westside. Often calle… Read more
October 9, 2025
As the golden hues of fall settle over Los Angeles, the city embraces the season with a mix of art, culture, food, and festivity. From pumpkin patches and immersive Ha… Read more
October 8, 2025
As we enter October, the Los Angeles housing market reflects both resilience and restraint. September’s data showed the median home price rose to $1,267,000, while the… Read more
September 8, 2025
As we step into September, the Los Angeles housing market continues to adjust to post-peak conditions, with citywide data reflecting a composed but price-sensitive env… 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
