Did you know that the average home price in Los Angeles rose 13.9 % in the last year?
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According to the LA Times, while it is still a hot seller’s market, the market cools slightly from the previous month, and the annual price appreciation for Southern California was the smallest since January. This means that even though house prices are still high, they aren’t increasing as drastically as before.
As interest rates rise and buyers get tired of overbidding war, the intense competition among homebuyers will decrease.
If you’re thinking of selling and you would like to know your current accurate home value, just give me a call or click the link below.
