Is The Housing Market Starting To Shift? - August 2021 Housing Market Update Los Angeles & South Bay

In this video, real estate broker Michael Weber talks about what's happening in the Los Angeles and South Bay Beach Cities real estate markets for the beginning of August 2021.

After some time of everything being the same, we may be starting to see something just a little bit different. In some markets in the US, sales of new and existing homes may be showing some initial signs of cooling off, even while the government continues to support the market and with rates continuing to stay historically low. Los Angeles County and the South Bay charts still look very strong overall, but for the month of July we saw a reversal in y/o/y median home prices after several months of sustained growth.

Find out what's happening with home prices, inventory, and the number of sales making it to the closing table for Los Angeles County and the South Bay Beach Cities.

The Weber Real Estate Team

mikeweberrealestate@gmail.com

424-237-8570

Broker Associate

BRE 01949818