Market Update, Greater Los Angeles Q2 2025

The Greater Los Angeles luxury market showed steady momentum in the second quarter of 2025, even as conditions began to shift. As of June 30, the median sales price for single-family homes and condominiums edged up to $1.12 million, up 1% year-over-year. Meanwhile, closed sales rose 6% to 4,231 transactions, despite a 4% drop in inventory, signaling strong demand. Homes lingered on the market slightly longer—averaging 37 days, a 12% increase—suggesting buyers were exercising more care in their decisions. With fewer listings available, selective clients and deliberate pricing strategies are shaping an evolving but resilient market heading into the second half of 2025.

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