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
Data for your neighborhood: