Annual Market Report 2023 South Bay Real Estate

Annual Market Report 2023 South Bay Real Estate

  • 01/1/24

Annual Market Report 2023

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Market Statistics and Analysis

The chart below shows the “Average Days on Market” and “Sold/List Price Percentage” in the County of Los Angeles since September 2022. The average days on market trend was rising and the sold/original list price ratio was falling. If you're buying a home in Los Angeles, you may be able to get a good deal.
 
Mortgage rates fell throughout November, with the average on a 30-year fixed-rate loan hitting its lowest point since August on the final day of the month. Take a moment to click on the name of your city under the chart below to look at the specific statistics in your area.
 
Key Takeaways:
• Homes are staying on the market longer
• Now is still a good time to buy if you are financially ready

November 2023 Average Days on Market trend was Rising*

Average Days on Market in November 2023: 29

0% compared to last month
Down 17.1% compared to last year


November 2023 Sold/Original List Price Ratio was Falling*

Sold/Original List Price % in November 2023: 98%

0% compared to last month
Up 4.3% compared to last year

*Based on 6 month trend - Rising/Falling/Remains Steady
 

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