March 2025 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 2023. Typically, the winter months see slower sales, and with recent weather events (such as rainstorms and wildfires in California), some buyers may have delayed their home search, as shown by the 16.7% increase in days on market compared to this same time last year. However, a 3.2% decrease month-to-month indicates increasing market momentum as we head into the spring season, with motivated buyers acting more decisively.
The list/sold price across the county has also also continued to increase, both month-to-month & year-to-year, suggesting a strengthening in the market and that sellers are still achieving strong prices when homes are priced appropriately.
Key Takeaways:
- While homes are taking longer to sell compared to this time last year, recent trends show a positive shift with quicker sales over the next few months
- A decrease in days on market month-to-month indicates increasing market momentum as we head into the spring season
- Strategic pricing is key for getting a property sold quickly and to secure a strong offer price
February 2025 Average Days on Market trend Remains Steady*
Average Days on Market in February 2025: 42
| • | Down 2.3% compared to last month |
| • | Up 16.7% compared to last year |
February 2025 Sold/Original List Price Ratio Remains Steady*
Sold/Original List Price % in February 2025: 98%
| • | Up 3.2% compared to last month |
| • | Up 1% compared to last year |
*Based on 6 month trend - Rising/Falling/Remains Steady
Data for your neighborhood:
