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Median Home Price For Westside Los Angeles Hits $2.5M

Location
Los Angeles
Publish Date
2022/01/28

In December, 318 homes in Westside LA sold for a median price of $2.5M. (Redfin) In December 2021, nationwide, 59.6% of the home offers written by Redfin agents faced bidding wars.That's the lowest share in 12-mo, ↓ MoM, but ↑ YoY.As the housing market slows in the winter, competition has dwindled in recent months, with sellers and buyers taking vacations.While bidding wars have subsided, the housing market remains competitive, with buyers facing a record inventory shortage.Driven by the low mortgage rates and remote work, the housing market has been remarkably hot during the pandemic.

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