The LA Market Is Waking Back Up 👀

Hi friends,

I wanted to send a quick update because something interesting is happening in the market right now.

Real estate in Los Angeles is starting to pick up again.

Mortgage rates are now hovering around 5.99% for a 30-year fixed, which is near the lowest levels we’ve seen in about three years. That drop in rates has quietly brought buyers back into the market.

Over the past few weeks, I’ve noticed:

• More activity at open houses

• Buyers writing stronger offers

• Multiple offers returning in certain price points (especially under $2M)

Nationally, existing home sales are up over 5%, and inflation came in a bit lower than expected — both of which are helping keep rates stable.

And here’s what that means locally…

On the Westside (Culver City, West LA, Mar Vista, etc.), well-priced homes are moving again. Inventory is still tight in that $1.3M–$1.9M range, especially for family-friendly homes with yard space. When something checks the right boxes, it doesn’t sit long.

It doesn’t feel like the frenzy of 2021 — but it also doesn’t feel frozen anymore.

We’re in that in-between window where:

• Buyers have more negotiating power than during peak mania

• Sellers still have strong demand if priced correctly

• Rates are cooperating (for now)

If you’ve been casually thinking about buying, selling, or even just wondering what your home is worth in today’s market, this is actually a smart time to run the numbers.

Even if it’s just a “what would this look like?” conversation — I’m always happy to talk it through.

As always, thank you for the referrals and introductions. Most of my business continues to come from you, and I’m grateful for that.

Talk soon,
Daniel