REAL ESTATE
July 2024

While Los Angeles will always remain a hot housing market, many Americans are moving to the suburbs, smaller towns, and even rural areas out of both choice and necessity. In addition to Los Angeles, let's take a look at Modesto*, Palm Desert*, and Phoenix* market trends to see if any of these areas may be a match for you!

*To learn a bit about what it would be like to live there, click on the name of the city.

Los Angeles

  • Bouncing back from a decline in the first quarter of the year, the total active listings in Los Angeles was at 1,262 in June, trending upward since April.

  • The market action index, leveling off at 41 for the past two months, shows we're still in a seller's market.

  • Median list price in Los Angeles has been increasing steadily in 2024, landing at $1.62M in June.

  • After falling in the second half of 2023, the median price per square foot is on an upward trend, at $851.35 in May.

For more information on LA trends and to see our active listings, visit: Los Angeles Market Trends

Modesto

  • At 153 in June, total active listings in Modesto are slowly trending upward.

  • A market action index of 64 shows that Modesto is very much a seller's market.

  • Modesto's median list price, at $523.14K, has been increasing throughout 2024.

  • Trending upward, the market price per square foot is at $300.92

For more information on Modesto trends and to see our active listings, visit:  Modesto Market Trends

Palm Desert

  • Palm Desert's total active listings steadily climbed to 287 in June.

  • A market action index of 35 shows Palm Desert is a sellers market.

  • The median list price of $824.27K is slightly decreasing since its peak in May.

  • In May, the median price per square foot of $369.12,  is on a downward trend after climbing slightly in March and April.

For more information on Palm Desert trends and to see our active listings, visit: Palm Desert Market Trends

Phoenix

  • Phoenix' total active listings are trending upward, with 1,777 in June.

  • Market action index of 47 shows Phoenix is a solid sellers market.

  • Phoenix' median list price of $596.29K has remained level since April.

  • The $311.38 median price per square foot has been trending upward in 2024.

For more information on Phoenix trends and to see our active listings, visit: Phoenix Market Trends





As you can see, all four of these locations are still a sellers' market - yet more homes are listing every day. Compared with Los Angeles' median list price of $1.62M, the other three highlighted cities: Palm Desert (824.27K), Modesto ($523.14K), and Phoenix ($529,96K), are much more affordable, and definitely worth checking out. Of course, there are a wide range of listing prices in LA that are worth exploring if your mind is set on living there. To learn more about these communities and more, visit the "Communities" page on our website!


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