Quarter 4 to Quarter 1 — Los Angeles County Median Sales Trends
Home price comparisons from quarter to quarter help us understand the real estate market and trends that ultimately affect all of our clients, and we use this data to help inform our decisions.
Quarter 4, which was October through December 2021, revealed the beginning of the traditional winter/holiday trend of slowing sales of single family residents and condominiums. From October to November 2021, the median sales price of a single family home started at $855,000 and dipped to $851,000 in November. By December that number rose to $875,000, the highest prices of the year.. Condominiums began Q4 at $675,000, then dipped to $670,000 and remained the same over the next two months.
In January 2022, the start of Quarter 1 median prices for both single family homes fell again, but gains began an upward climb in February 2022, with four percent plus gains and median home sale prices climbing to $879,000 and condominiums to $690,000. By the end of Q1 in March sale prices continued to climb, with single family homes at $900,000 and condos at $712,500.
Quarter 2 tends to be the busiest quarter of the year, and our team is closely tracking all the relevant market data. Whether buying or selling, we are with you every step of the way to help you make an informed decision.
Q4 and Q1 median sales price data provided by Tiffanie Misner of Chicago Title.
|