May Los Angeles Market Report: April Data
April 2020 will be remembered as the first full month of Los Angeles Real Estate where stay-at-home orders were in place. Even though Real Estate is considered an essential industry, Open Houses were banned and private showings were only allowed recently.
If you’re thinking about selling a home in Los Angeles, it’s important to have a good understanding of what’s going on.
Knowing the most important data such as the average sales price, number of homes sold and number of active listings will better prepare you to sell your home.
In a nutshell:
For all the turmoil and uncertainty, prices have not been negatively impacted.
1-Average Listing and Sales Price are UP
2- Average Days on Market is DOWN
3-List/Sell Price Ratio is UP
Here is the May 2020 Market Report for Single Family Residences and Condominiums based on April housing data.
The statistics presented in the Market Report are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of Rodeo Realty. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. All information should be independently reviewed and verified for accuracy. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Data maintained by the MLSs may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.