Home Prices Continue To Slide - Feb. 2023 LA Housing Market Update
Well folks, the first month of the year is gone and the data is in. We continue to see home prices trend down with very limited activity in terms of pending and closed home sales and days on market have risen drastically. However, inventory on the market remains very low and interest rates have come down quite a bit from their recent highs, allowing home buyers new opportunities to buy in a more relaxed market at lower prices and with better rates.
Watch the video to find out what's happening with pending sales, closed sales, median prices, and the supply of inventory.
Let us know how we can help you and your family and friends with real estate this year?
