March 2024 Market Report
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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 December 2022. The average days on market trend was rising and the sold/original list price ratio remains steady.
Mortgage rates are likely to remain relatively unchanged in March. A decisive drop in rates probably won't happen until the Federal Reserve signals that it's satisfied that inflation is headed toward the central bank's goal of 2%.
Key Takeaways:
- Mortgage rates are likely to remain constant
- Los Angeles is still in a seller’s market
February 2024 Average Days on Market trend was Rising*
Average Days on Market in February 2024: 36
| • | 0% compared to last month |
| • | Down 18.2% compared to last year |
February 2024 Sold/Original List Price Ratio Remains Steady*
Sold/Original List Price % in February 2024: 97%
| • | Up 1% compared to last month |
| • | Up 4.3% compared to last year |
*Based on 6 month trend - Rising/Falling/Remains Steady
Data for your neighborhood:
