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Los Angeles Metro Area, California Homes Sales & Values Report December 2024

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Industry Observer CDRE #01044712

On January 17, 2025, California Association of Realtors (C.A.R) reported the homes values declined 0.8% to the price of $815,500 in December of 2024 from price of $822,000 in November of 2024, but increased 7.3% from price of $760,000 December of 2023 in Los Angeles Metro Area, California.

Homes sales rose 9.5% in December of 2024 from November of 2024, and jumped 14.2% from December of 2023 in Los Angeles Metro Area, California.

There were 2.9 months supplies of available inventory of homes in December of 2024, down from 3.6 months in November of 2024, but up from 2.7 months in December of 2023 in Los Angeles Metro Area, California.

An average it took 33.0 days to sell a home in December 2024, gained from 29.0 days in November of 2024, and higher from 27.0 days in December of 2023 in Los Angeles Metro Area, California.

For complete more detailed information about the California Association of Realtors' December of 2024 Los Angeles Metro Area, California homes sales and value report, please click HERE

Posted by

John Pusa

Better way to buy and sell real estate

Office (818) 441-8881

Mobile (818) 441-8881

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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

John, thanks for sharing the last info on Los Angeles's home sale for December.

Jan 21, 2025 03:31 PM
John Pusa
Glendale, CA

Hello Joan Cox you are welcome, and glad you find the report very helpful. Thank you for the comment.

Jan 21, 2025 08:10 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

I all fairness with interest rates being around 7% and our price points being so high 33 days to sell is pretty impressive if you asked me John PusaĀ 

Jan 21, 2025 10:22 PM
John Pusa

Hello Endre Barath, Jr. you are right, 7% interest and higher prices than other areas sell a property in 33 days is great. Thank you for the comment.

Jan 22, 2025 01:51 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTORĀ® Real Estate in East Valley AZ

The numbers certainly tell the story and it is usually different than what the supposed experts predicted, haha.

Jan 22, 2025 05:06 AM
John Pusa

Hello Brian England you are right, the numbers certainly tell the story and it is usually different than what the supposed experts predicted, haha. Thank you for the comment.

Jan 22, 2025 01:52 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi John:

It's always interesting to see the statistics for Los Angeles. I wonder how things are going to shift at a result of the fires in the next few months.

Jeff

Jan 22, 2025 04:38 PM
John Pusa

Hello Jeff Dowler, CRS you are right, how things are going to shift at a result of the fires in the next few months. Thank you for the comment.

Jan 22, 2025 07:58 PM