Statistics for all of themls.com which is LA City, LA County and many other cities combined. Closed, Sales Price, Months of Supply, Days on Market, Pending, Active for the last 12 months as of May 7, 2025 only for single family residences. This basically looks like normal seasonal activity. There are about three months of supply which is low, days on market decreasing, new listings increasing slightly, sales prices increasing, active listings increasing slightly. I did these stats because people in other areas were reporting more listings than normal, price drops, fewer closed sales, fewer pendings. That's not happening in Los Angeles overall but I have been noticing it in certain markets.
Higher priced homes are taking longer to sell and have price cuts. Lower priced homes as usual selling more quickly. Condos aren't doing that well. Sales price decreases, price cuts, more time on the market. This is due to increased HOA dues due to increasing reserves, needed repairs and insurance costs. Interest rates and a general unease about the economy also affecting sales negatively.
#themls #marycummins #realestateappraiser #losangeles #california This is the map area of TheMLS https://www.themls.com/vestamapareas/ CLAW MLS isn't as big as CRMLS but it's still a huge area. Just look at the number of listings at the top of each column in the charts below.
Mary Cummins of Cummins Real Estate is a certified residential licensed appraiser in Los Angeles, California. Mary Cummins is licensed by the California Bureau of Real Estate appraisers and has over 35 years of experience.
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