The Los Angeles real estate market is undergoing a noticeable transition, moving from the strong seller’s market of recent years to one that increasingly favors buyers. Rising inventory levels and longer days on market are giving buyers more negotiating power, while sellers are having to adjust expectations to align with current conditions. Despite these changes, median home prices have remained relatively stable, with only slight year-over-year declines in certain areas.
More Choices and More Leverage for Buyers
With more homes available and listings taking longer to sell, buyers now have greater leverage during negotiations. This shift means that buyers can be more selective, explore multiple properties, and in some cases secure price reductions or concessions that were rare during the peak of the seller’s market. For first-time buyers and investors, this creates opportunities that have been limited in past years.
Mortgage Rates Still a Key Factor
While sales activity has picked up compared to the slowdown seen in recent years, elevated mortgage rates remain a challenge. Many buyers are still pausing their search or delaying purchases due to affordability concerns and broader economic uncertainty. Until rates ease, affordability will continue to be a deciding factor for many households in Los Angeles.
What This Means Moving Forward
For sellers, pricing strategically and ensuring properties stand out with strong presentation is more important than ever. For buyers, patience and preparation can pay off, especially in a market where negotiation has become a more realistic possibility.
At Boutique Realty, we help clients navigate these shifts with confidence. Whether you are buying, selling, or simply exploring your options, our team provides the local expertise and personalized strategies you need to succeed in today’s evolving market.
📞 Connect with us today to discuss your real estate goals in Los Angeles.