JUNE 2026 LOS ANGELES HOUSING MARKET: TRENDS, PRICES, & ANALYSIS

Key Market Takeaways

• Inventory: New listings fell 14% YoY and 13% MoM for both houses and condos, causing inventory constraints as nationwide delistings tied historic highs.

• Sales: Housing market activity remains low, with house closed sales down 3% YoY and condo closed sales down 10% YoY.

• Pricing: Los Angeles home prices showed a clear divergence; single-family home prices rose 3% YoY/MoM, while condo prices fell 5% YoY.

DEEP DIVE: JUNE 2026 MARKET ANALYSIS

The Market Now

Despite the gloom and doom surrounding the real estate market, house prices were up again both YoY and MoM. They rose 3% both YoY and MoM. For condos, it’s a different story with prices down 5% YoY and 4% MoM.

In my past reports, I have combined both house sales and condo sales. However, given that the housing and condo markets are performing differently, I'm going to have a table for each going forward.

What’s concerning for the market is how few new listings are hitting the market. If inventory remains constrained, house prices will likely continue to rise, provided there’s quality inventory on the market.

Sellers Pulling Listings

Nationwide, 5.8% of all home listings were pulled off the market in April, according to a Redfin report. That ties with December for the highest share of homes delisted since March 2020, when the pandemic hit and the housing market froze. Delistings in April were up 3.8% compared with March. Even though this is a national headline, it still affects the local level, as people can rely on national headlines when making big decisions. It’s normal for December to have a high number of delistings as sellers want a break over the holidays. So seeing similar numbers in April, during the spring selling season, is a strong indication of what sellers think of the market. When you combine this news with what I described at the local level, it looks like slim pickings for buyers moving forward.

Mortgage Rates

Last week’s stronger-than-expected jobs report shows the labor market is still going strong. While having low unemployment is good for the economy overall, a hot job market usually boosts consumer spending, which can keep inflation high or even push it higher. This likely means the Federal Reserve will delay or reduce interest rate cuts for now. For investors, a sustained period of higher rates raises borrowing costs and squeezes corporate profit margins. As a result, institutional investors are demanding higher yields on long-term bonds, pushing up the 10-year Treasury yield. Since mortgage rates tend to follow the 10-year Treasury closely, they’ve increased since the announcement. Rates are currently about .25% lower than this time last year.

Palisades Fire Updates

NBC News recently ran an investigative report on where the $2.5 billion the state allocated to fire victims went. It's shocking to see how most of that money hasn't ended up where it should have, especially when I'm hearing stories that the city is asking Palisades fire victims to pay for sidewalk upgrades in front of their properties as a result of the fires. When the residents go to the city to ask for funding, the city says there is no funding available.

Much of $2.5B fire relief did not reach Eaton, Palisades victims

Click below to follow the Palisades land market in real-time on the MLS. It’s an active link that will update with the current day's data.

https://www.themls.com/MarketSnapshot/T/YWFhYWJmamRi

Proud Achievement

I was recently included in Real Trends' 2026 list of the best agents in the country. This award recognizes the top 1.5% of real estate professionals in the U.S. A huge thank you to my clients who have trusted me with what is usually the biggest financial decision of their lives. Thank you, and I look forward to working with you again!

FAQS

What Should Buyers and Sellers Make of the Market?

It depends. At the beginning of the year, we in the industry were full of optimism and looking forward to a market recovery after 3 years of very low sales. For the first two months of the year, this looked possible, and then the war put a halt to that. For sellers, unless your home is dialed in, in a great location, and priced right, you’re going to be up against it. For buyers looking for a condo, this could be a good time to get a deal. Don't be afraid to submit those low offers. Sometimes the seller is waiting for those instead of reducing the price.

Are There Options for Lower Mortgage Rates?

Yes. I have a lender who’s offering a lender-structured 1-1 buydown. This means your interest rate will be 1% lower for the first 12 months, and then reset back to the original rate. The catch is that the rate will be about .25% higher than the going rate, but even then, you will be roughly .75% lower than what you would get without this for the first 12 months. The potential downside is that if rates don’t improve and you can’t refinance into a lower rate, you are stuck with this higher rate until rates improve.

Is the ULA Mansion Tax Changing?

Yes. Starting July 1st, the threshold for the ULA mansion tax will increase. Keep in mind that this tax applies to the entire purchase amount, not just the amount above the bracket. It also only applies to homes in the City of LA.