April 2019 Housing Market Update Los Angeles & South Bay
Mike Weber, Associate Broker with Keller Williams Beach Cities discusses where the real estate market is currently at for Los Angeles County & the South Bay Beach Cities for the beginning of April 2019. As median home prices remain stable or rise, all data indicate a continued slowdown in the market. It seems a substantial drop in mortgage rates have helped prop up median home prices, even with inventory rising and sales falling rather strongly. Less homes are selling and more homes are sitting on the market, but the ones that do sell are still selling at higher prices.
