Los Angeles Real Estate Market Update: Slower Home Price Growth in 2024

National home price growth has decelerated to 2.4% year-over-year, compared to 3.6% in January 2024. Key indices reflect this slowdown: - **Freddie Mac**: +3.6% (down from +6.7% in January) - **FHFA**: +4.2% (down from +6.7%) - **Case-Shiller**: +4.3% (down from +6.2%) ### Insights for LA Buyers and Sellers - **Sellers**: Inventory remains below pre-pandemic levels, supporting pricing stability in competitive neighborhoods like Brentwood or Beverly Hills. - **Buyers**: Slower growth could provide opportunities in markets previously constrained by affordability issues. **What’s Next for LA Real Estate?** Watch for inventory trends in spring 2025. A rapid rise in available homes could signal further cooling, offering leverage to buyers. 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%2Flos-angeles-real-estate-market-update-slower-home-price-growth-in-2024%2F) [X](https://x.com/intent/post?url=https%3A%2F%2Fapfreg.com%2Flos-angeles-real-estate-market-update-slower-home-price-growth-in-2024%2F&text=Los+Angeles+Real+Estate+Market+Update%3A+Slower+Home+Price+Growth+in+2024) [Pinterest](https://pinterest.com/pin/create/link/?url=https%3A%2F%2Fapfreg.com%2Flos-angeles-real-estate-market-update-slower-home-price-growth-in-2024%2F) [LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fapfreg.com%2Flos-angeles-real-estate-market-update-slower-home-price-growth-in-2024%2F&title=Los+Angeles+Real+Estate+Market+Update%3A+Slower+Home+Price+Growth+in+2024&summary=National+home+price+growth+has+decelerated+to+2.4%25+year-over-year%2C+compared+to+3.6%25+in+January+2024.+Key+indices+reflect+this+slowdown%3A+Freddie+Mac%3A+%2B3.6%25+%28down+from+%2B6.7%25+in+January%29+FHFA%3A+%2B4.2%25+%28down+from+%2B6.7%25%29+Case-Shiller%3A+%2B4.3%25+%28down+from+%2B6.2%25%29+Insights+for+LA+Buyers+and+Sellers+Sellers%3A+Inventory+remains+below+pre-pandemic+levels%2C+supporting+pricing+stability+in+competitive+%5B%E2%80%A6%5D)