If you’ve been listening to your real estate agent, you know that housing in LA is in high demand!
Numerous articles, including this one from the NY Times yesterday, indicates that the housing market is on the mend, and multiple offers are on the rise. Yes….buyer’s are competing against themselves, making it a frustrating experience for some.
The charts above provide information directly from our local MLS. The information provided is for the city of Los Angeles(NOT County). Our supply for homes is down 51% and a staggering 64% for Condos.
And it’s likely that those remaining on the market are due to not only poor condition, but poor location as well.
And on a final note, if you are listening to your real estate agent, you’ll know that there are plenty of buyer’s who lost out on an opportunity, or two, or three. And they are waiting to pounce on the next best thing. To learn how you can stay ahead of the pack and be competitive in this Market, give me a call.