May 2026: Los Angeles Market Update
As we enter May, the Los Angeles residential real estate market continues to show steady spring momentum. Per the MLS, April closed sales rose to 526 transactions, up from 453 in March, marking another 16% month-over-month increase. Median sale price also moved slightly higher to $1,382,500 in April, compared with $1,375,000 in March. Together, the rise in sales activity and continued price stability point to a market that is becoming more active while still maintaining strong underlying value.
Mortgage rates also eased through April, offering some additional support for buyers. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.30% in late April, down from 6.38% in late March and below the 6.76% reported a year ago. Freddie Mac also noted that purchase applications are now more than 20% above year-ago levels, reflecting a broader increase in buyer engagement as rates improve and more homes become available. While Los Angeles remains its own distinct market, these national trends help explain some of the renewed energy we are seeing locally.
Across Los Angeles, the spring market is showing a healthier level of movement. More inventory is giving buyers additional options, while well-positioned homes continue to draw meaningful interest. Buyers remain thoughtful and selective, but many are moving forward with greater confidence when the right property, pricing, and presentation come together. For sellers, this remains a market where preparation, strategy, and thoughtful positioning continue to make a noticeable difference.
At Highland Premiere, we are seeing this activity firsthand. April brought several successful closings and a strong group of new listings to the market, with additional properties preparing to launch in mid-May. We look forward to sharing these opportunities with our clients and community in the weeks ahead. We also hope you will join us at our next Playa Vista Bagels & Brew for coffee, bagels, and good conversation with neighbors and friends.
As Mother’s Day approaches, we also want to wish all of the mothers and mother figures in our community a very happy Mother’s Day. We hope this month brings time to celebrate the people who bring so much care, strength, and meaning to our lives.
As always, we remain grateful for the continued trust of our clients and community. We look forward to providing thoughtful guidance as the Los Angeles market continues to move through the spring season.
