Here's some fast updates about the May 2024 LA Housing Market Update!🌴
✨Median home prices are up 2% since Feb, now at $900K. Demand is strong in spots like West Hollywood and Santa Monica.
✨Mortgage rates are around 6.94% as of May, keeping some buyers cautious but eager for dips.
✨Homes average 34 days on the market, longer due to high rates, but hot properties still move fast!
✨Inventory is up 10% with 7,500 active listings, giving buyers more options and slightly easing competition.
Overall, the market is more balanced with steady price increases and The Fed is anticipated to make additional rate cuts later this year, which could bring rates closer to 6% by the end of 2024 but not really 5% like the experts were thinking.
What trends are you seeing in your market? Share below! 👇🏡
.
.
.
.
-----------------------------------------------------
Thinking of buying or selling real estate? For zero pressure, no obligation consultation, please reach out! Our promise is a simplified experience for life's most complex transaction.
📱Let's Talk About Your Home Value - Free Consultation📱
😁Book A Call With Me: bit.ly/kericalendar
Call/Text 310-804-4011 | email: hello@keriwhite.com
Visit My Personal Website: www.keriwhite.com
-----------------------------------------------------
Subscribe to my channel: bit.ly/keriyoutube
-----------------------------------------------------
♥️ Popular Playlists Keri TV Real Estate ♥️
Working With Sellers: bit.ly/3SvCoDV
Buying and Selling with The Keri White Team: bit.ly/3S9eWMn
Pocket Listings: bit.ly/3SesqXh
The Changing Face of LA Real Estate: Home Prices in the 'New Normal': bit.ly/4b5HnDF
Who's Really Moving During the Supply Crisis: bit.ly/3OgRw6J
How to Sell in a Shifting Market: bit.ly/3vOo0yM
How to Buy a Home in LA: bit.ly/42atzU9
The Reality of Supply and Demand: bit.ly/42aaguc
Pros & Cons of Living in LA: bit.ly/3UeOuDE
-----------------------------------------------------
💥Connect WIth Me On Social Media 💥
→Facebook: / facebook.com/Keriwhiteteam1
→Instagram: / instagram.com/keriannkeriann
→LinkedIn: / www.linkedin.com/in/keriwhite1
-----------------------------------------------------
Shot and distributed out of Human Element LA Real Estate Headquarters located at 1207 Montana Ave, Santa Monica, CA 90403
#realestateupdate #realestatemarket #realestate101 #santamonica #losangeles #santamonicarealestate #losangelesrealestate #housingmarket #housingupdate #marketupdate
Негізгі бет Market Crash or Stabilization? | Real Estate | Santa Monica | Los Angeles
Пікірлер