September 2026: Los Angeles Market Update
As September begins, we hope the fall season brings a renewed sense of rhythm, focus, and connection for you and your family.
On the market front, the Los Angeles residential real estate market showed a more typical late-summer shift in August. Per the MLS, the median sale price was $1,345,000, down from $1,370,000 in July, representing a 1.8% month-over-month decrease. Closed sales also decreased from 547 in July to 482 in August. Some softening in activity is common as summer comes to a close, particularly as travel, back-to-school schedules, and the transition into fall can affect both buyer and seller timing.
Mortgage rates remained relatively steady heading into September, with the 30-year fixed-rate mortgage averaging 6.71% according to Freddie Mac. Although rates have changed only modestly week to week, they remain higher than earlier in the spring, which continues to influence affordability and buyer decision-making.
We are excited to share some wonderful news as we welcome Christina Vittas and Viviana Bae to the Highland Premiere family. As we move into the fall season, we are looking forward to growing together and continuing to find meaningful ways to connect with the community we serve. We are especially excited to sponsor the8th Annual Playa Vista Monster Dash 5K in October and support an event that brings neighbors, families, and friends together.
