Leave a Message

By providing Lorissa Singleton your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Thank you for your message. We will be in touch with you shortly.

SoCal Quarterly Real Estate Micro Insights Report: Q4 2023

Market Update LORISSA SINGLETON February 13, 2024

The Southern California real estate market, as of late 2023 moving into 2024, was a complex interplay of declining sales and rising home prices, heavily influenced by increasing mortgage rates and persistent affordability challenges. Despite a significant inventory increase, sales have dropped, particularly in San Bernardino County, underscoring the impact of higher borrowing costs. However, home prices have continued their upward trajectory, albeit slower, with notable year-over-year increases across the region. Southern California's real estate market is experiencing a period of adjustment, with rising home prices set against a backdrop of declining sales and higher mortgage rates. Buyers and sellers must navigate these conditions carefully, considering both the short-term impacts of current economic factors and long-term prospects of the region's desirability and growth potential. Click here for LA's Q4 2023 Market Report across Southern California.

Recent Blog Posts

Stay up to date on the latest real estate trends.

July 2024 National Real Estate Insights

February 2024 National Real Estate Insights

Market Update

SoCal Quarterly Real Estate Micro Insights Report: Q4 2023

Inside look into the Southern California real estate market

First-Time Home Seller in Los Angeles: Things to Know

Tips to navigate the Los Angeles real estate market with confidence.

The Ultimate Guide to Flipping Homes in Mid City

Your key to successful property investment in Los Angeles.

First-Time Home Buyer in Mid City: The Top Things to Know

Embarking on the Mid City Dream: Turning Home Buying Jitters into Jubilation.

What is the Real Cost of Living in Hollywood Hills?

From property prices to utility costs, discover the real cost of residing in Hollywood Hills.

SoCal Quarterly Real Estate Micro Insights Report: Q2 2023

Inside look into the Southern California real estate market

Downtown Los Angeles Real Estate Market Prices, Trends, and Forecast 2023

Everything you need to know about the Los Angeles housing market before buying property in the area.

Work With Us