June 2026: Los Angeles Market Update
June has brought the start of summer and a meaningful opportunity to celebrate the fathers and father figures in our community. We hope everyone enjoys a wonderful Father’s Day and has time this month to gather with the people who bring so much guidance, support, and meaning to our lives.
On the market front, the Los Angeles residential real estate market showed some moderation in May following stronger activity earlier in the spring. Per the MLS, the median sale price decreased to $1,310,000, down from $1,382,500 in April, representing a 5.2% month-over-month decline. Closed sales also moved slightly lower, with 513 transactions in May compared with 526 in April, a decrease of approximately 2.5%. Homes sold for an average of 98.84% of list price, signaling a market in which buyers remain active, while pricing and positioning continue to play an important role in achieving a successful sale.
Mortgage rates decreased slightly heading into June, offering some incremental support for buyers. According to Freddie Mac, the 30-year fixed-rate mortgage currently averages 6.48%. With rates remaining in the mid-6% range and income growth beginning to outpace home price growth nationally, affordability is showing modest signs of improvement, which may help prepared buyers move forward as summer inventory becomes available.
Across Los Angeles, May’s results reflect a market that is active, but increasingly sensitive to value and presentation. Buyers continue to engage when the right home becomes available, but the decrease in median price and the average sale-to-list-price ratio below 100% suggest that they are approaching opportunities thoughtfully and with greater selectivity. For sellers considering a summer move, thoughtful preparation, strategic pricing, and strong presentation remain especially important in helping a property stand out and attract meaningful interest.
At Highland Premiere, the end of May and beginning of June have brought several new listings preparing to come to market, along with a few upcoming closings that we are excited to celebrate on behalf of our sellers. We are grateful for the trust of our clients and look forward to continuing to share these opportunities with our community throughout the month.
On the community front, we were so happy to see many of our Playa Vista neighbors at the Farmers Market on Saturday, June 6. Thank you to everyone who stopped by our sponsor booth to say hello. If we missed you then, we will be back again on Saturday, June 27. We are also looking forward to our next Playa Vista Bagels & Brew on Friday, July 17, and hope to see many of our neighbors and friends there. As summer begins, we are grateful to remain a trusted resource for our clients and community, and we look forward to continuing to serve with care in the months ahead.
Read our June Newsletter here
