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]