What are we looking at? 37,408 homes on the market in spring of 2008 and 4,042 homes on the market today. ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ๐ซ If you’re sitting on the sidelines waiting for a crash like 2008, I’m sorry to say this aint it.
All hope is not lost – LA County had almost as few homes on the market in March of 2022, with inventory numbers rebounding to almost double by July. If this year is anything like last we should see a wave of inventory hitting the market in the next 3 months so buyers should stay the course. Slow and steady wins the race.
Sellers: This is a fantastic time to sell in LA. We’re starting to think there will never be a bad time to sell in LA. On that note, Buyers: It will always feel like the top of the market when you buy, you just have to get in there and bite the bullet. It’s a great time to buy a 3-5 year home, or even better a 5-10 year home.
Thinking of buying or selling in LA? Hit us up, we’d love to chat!