Home values and sales expected to rise

Zillow predicts that home values across Los Angeles will rise by 2% in 2024, with a gradual increase of 0.9% over the next year. This steady growth provides opportunities for buyers and sellers in the LA market. Existing home sales are expected to hit 4.4 million in 2025, up from 4.1 million in 2023, reflecting rising activity in the region. **Rental Market Outlook: Single-Family vs. Multifamily** For LA real estate investors, single-family rental rates are projected to climb by 3.8% in 2024 and 2.3% in 2025. Multifamily rents will rise more slowly, at 1% in 2024 and 0.5% in 2025, making single-family homes an attractive investment in Los Angeles’ competitive rental market. **A Great Time for Buyers** With mortgage rates expected to dip in 2025, Los Angeles buyers may find more inventory available, creating favorable conditions to secure a home. The anticipated rise in listings will likely ease price growth, offering a good opportunity to enter the LA real estate market. **Sellers Can Expect Increased Demand** For sellers across Los Angeles, the 2025 forecast of 300,000 additional home sales suggests a thriving market. More transactions point to strong buyer demand, allowing LA homeowners to maximize profits when selling in this high-demand market. **Final Thoughts** Whether buying or selling in the Los Angeles real estate market, understanding these key trends is essential. Home values, rental rates, and transaction volumes are all projected to rise in 2024 and 2025, making this a pivotal time for homeowners, investors, and buyers alike. Contact Westside Los Angeles Luxury Real Estate Broker Abdo Pierre Faissal at Nourmand & Associates for more information 310-620-1038 / [email protected] facebook-letter-logo x-logo linkedin-logo pinterest-logo [Facebook](https://www.facebook.com/sharer.php?u=https%3A%2F%2Fapfreg.com%2Fhome-values-and-sales-expected-to-rise%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Fhome-values-and-sales-expected-to-rise%2F&text=Home+values+and+sales+expected+to+rise) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Fhome-values-and-sales-expected-to-rise%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Fhome-values-and-sales-expected-to-rise%2F&title=Home+values+and+sales+expected+to+rise&summary=Zillow+predicts+that+home+values+across+Los+Angeles+will+rise+by+2%25+in+2024%2C+with+a+gradual+increase+of+0.9%25+over+the+next+year.+This+steady+growth+provides+opportunities+for+buyers+and+sellers+in+the+LA+market.+Existing+home+sales+are+expected+to+hit+4.4+million+in+2025%2C+up+from+4.1+million+in+2023%2C+reflecting+%5B%E2%80%A6%5D)