Los Angeles Housing Market Update July 2023

Los Angeles Housing Market Report 2023

Los Angeles Housing market

Is still experiencing low levels of inventory, yet there is a notable presence of eager buyers actively searching for a home.  Just two Sunday’s ago, my open house had over 25+ buyers, received 11 offers and sold over ask in Valley Village!  

One of the factors contributing to limited inventory is some homeowners are benefiting from exceptionally low mortgage rates often in the range of 3%.   This makes it less appealing for them to sell their current home and purchase a new one at potentially higher interest rates.  Despite this, real estate transactions are still taking place, and multiple offers are still taking place in specific price ranges on move in ready homes.  

About the author:  Corrie Sommers a REALTOR®, selling real estate throughout Los Angeles. Corrie Sommers has been licensed in California since 2004, has a background in Finance; worked in the Mortgage Industry, Financial Planning, has trained real estate agents and currently mentors several agents.  Corrie lives in and sells throughout Los Angeles.   Corrie has sold homes in Los Angeles.  Corrie has worked with buyers to purchase homes in Los Angeles. Corrie has worked with homeowners to sell their Los Angeles homes.   

3905 Properties
Page 1 of 326
5
Beds
3
Baths
2,916
Sq.Ft.
2005
Year Built
1
Day on Site
SW24120563MR
MLS
$724,900
Neighborhood: Horsethief Canyon
4
Beds
2
Baths
1,527
Sq.Ft.
1971
Year Built
1
Day on Site
TR24119710MR
MLS
4
Beds
3
Baths
2,174
Sq.Ft.
1966
Year Built
1
Day on Site
WS24114780MR
MLS
3
Beds
2
Baths
1,192
Sq.Ft.
1954
Year Built
1
Day on Site
24-374413
MLS
5
Beds
3
Baths
2,473
Sq.Ft.
2005
Year Built
1
Day on Site
24-377181
MLS
3
Beds
3
Baths
1,852
Sq.Ft.
1974
Year Built
1
Day on Site
24-383157
MLS
3
Beds
2
Baths
1,399
Sq.Ft.
1925
Year Built
1
Day on Site
24-390927
MLS
4
Beds
3
Baths
2,828
Sq.Ft.
1966
Year Built
1
Day on Site
24-394753
MLS
2
Beds
1
Baths
1,140
Sq.Ft.
1912
Year Built
1
Day on Site
24-394889
MLS
3
Beds
3F11/2
Baths
2,018
Sq.Ft.
1952
Year Built
1
Day on Site
24-396423
MLS
4
Beds
3
Baths
3,317
Sq.Ft.
1989
Year Built
1
Day on Site
24-398833
MLS
4
Beds
3
Baths
2,917
Sq.Ft.
2013
Year Built
1
Day on Site
24-399235
MLS

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