Los Angeles County Prices Hold Steady

This fall, Los Angeles County’s real estate market is showing clear signs of stability—something we’ve been watching closely as both multi-unit owners and long-time leasing specialists. Through late Q3, closed-sale prices remained mostly flat or just slightly higher than last year. Rather than the rapid appreciation we saw in previous years, we’re seeing the market level off around a median listing price of $950K—about 5% down from a year ago. What stands out for us this season is that more sellers are adjusting their asking prices, with about 37% of condo listings in early Q4 marking price cuts—a record in some reports—and some properties taking longer to secure buyers or tenants. Active listings rose to roughly 15,400 in late Q3, a modest 4% increase, so while inventory isn’t skyrocketing, there’s a bit more selection. Higher mortgage costs continue to impact affordability, so price adjustments and mixed sales activity are the new normal—even as median prices hold steady. For landlords and property owners, these shifts highlight the importance of careful tenant selection and pricing strategy, something we’ve honed over 25 years across L.A., Ventura, and Riverside counties.