Homebuyers finally get a little breathing room in Los Angeles
After years of soaring prices and limited choices, Los Angeles homebuyers continued to catch a break in June. Home prices were essentially unchanged from a year ago, prompting an increase in sales, as buyers had more room to shop and negotiate.
More buyers are returning
There were 4,483 home sales in June, an 8% increase from a year earlier, the strongest annual gain in more than a year. Slightly lower mortgage rates and a wider selection of homes appear to draw some buyers back into the market after a slow spring.
Even so, buyers didn’t rush into deals. Homes spent about the same amount of time on the market as they did a year ago, suggesting shoppers are still taking their time and comparing options.
Buyers continue to have many buying options
While the number of homes available for sale fell 1.4% from a year ago, there were still 20,241 homes on the market. That’s more than at any time between 2021 and 2024.
There were fewer single-family listings, but condo and townhome listings continued to grow, giving buyers more opportunities to find properties that fit their budgets and needs.
The number of condo listings increased to 5,485, the highest level of the past 10 years, giving buyers more options and greater negotiating power.
Home prices level off
Prices remained largely steady in June. The median sale price in Los Angeles was $950,000, just half a percentage point lower than a year ago. That stability was a notable change after years of sharp swings.
The median price for a single-family home edged lower to $1.075 million, condo prices also slipped modestly to $650,000, and townhome prices were essentially flat, at $882,000.
For buyers, the market continued to offer more options than it did just a few years ago. For sellers, homes were still selling, but pricing properties correctly became more important as shoppers continued to benefit from greater choice and bargaining power.
Los Angeles Sale Prices
The median home sale price in Los Angeles decreased by 0.5% compared to the same time last year, while the national median price rose by 1.5%.
Los Angeles ranks 32nd for annual median price change among the top 40 US markets
Los Angeles median home prices decreased by $5,000 year over year on a nominal basis in June to $950,000. Meanwhile, the national median home price increased by $6,000 to $401,000.
Los Angeles' median home price is above the nation's
Los Angeles was the third highest-priced housing market among the top 40 largest markets last month. The Los Angeles median home price of $950,000 was 136.9% above the national median home price. Los Angeles' median home price in June compares to the market's peak of $955,000 recorded in June of 2025.
Los Angeles single-family prices decrease
The median price of Los Angeles single-family homes fell by $15,000 over the past year to $1,075,000, while the median townhome price grew by 0.2%, and the median condo price fell by 1.7%.
Los Angeles Inventory
The number of homes for sale in Los Angeles decreased by 1.4% in June compared to the same time last year, while national homes for sale rose by 4.2%.
Los Angeles' inventory of homes for sale decreases
Los Angeles homes for sale fell by 292 year over year in June to 20,241 homes for sale. Los Angeles ranked 30th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.
Los Angeles homes for sale are below their pre-pandemic levels
Los Angeles homes for sale were below their pre-pandemic levels in the month of June. Los Angeles homes for sale were 13.7% below the June 2019 total of 23,455.
Los Angeles single-family inventory decreases
Los Angeles single-family homes for sale decreased by 5.0% to 13,179 in June. In comparison, townhomes for sale rose by 4.4% to 1,577, and condos for sale increased by 6.4% to 5,485.
Los Angeles Home Sales
The number of home sales in Los Angeles increased by 7.9% in June compared to the same time last year, while national home sales rose by 6.1%.
Los Angeles home sales increase
Los Angeles home sales increased by 329 year over year on a nominal basis in June to 4,483. For context, 4,154 sales closed in Los Angeles in June 2025.
Los Angeles' annual home sales activity change ranks 16th nationally
Los Angeles ranked 16th for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 7.9% compares to the 1.9% year over year decrease in June 2025.
Single-family sales in Los Angeles are higher than a year ago
Los Angeles single-family sales increased by 6.0% in June to 3,243. In comparison, townhome sales rose by 16.0% to 362, and condo sales rose by 12.0% to 878.
For questions and commentary about this report:
Catherine Yeh, Director of Market Analytics at CoStar and Homes.com, based in Los Angeles, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Catherine Yeh
Director of Market Analytics
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Los Angeles during June 2026.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Inventory
Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Home Sales
The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.