09/29/2026
Is the Los Angeles Housing Market Up or Down? The Answer is Yes
My One Sentence Read of the Day (September 29th, 2026)
Los Angeles residential real estate is moving deeper into a selective market: buyers are gaining negotiating leverage, sellers need increasingly precise pricing, financing is becoming more expensive again, and insurance is becoming almost as important to transaction strategy as the mortgage itself.
Deeper Dive ~
Mortgage rates are back above 7%, which is the biggest immediate market story for buyers and sellers. National 30-year fixed rates are around 7.3% today, with Bankrate cited at roughly 7.33%. That materially affects purchasing power, especially in Los Angeles price ranges. At the same time, U.S. single-family home prices were still up 2.6% year over year in July, despite softer demand and more inventory.
Los Angeles is showing a market that is slower and much more price-sensitive — but not collapsing. Realtor.com’s September data shows a Los Angeles median listing price around $1.125 million, a median sold price around $1.029 million, nearly 11,950 active listings, and roughly 60 median days on market. Redfin’s August data puts the median sale price at about $1.055 million, down 1.4% year over year, while closed sales were up about 3.3%.
California homeowners insurance remains a major transaction issue. California’s FAIR Plan is scheduled to increase rates by an average of 29.1% beginning October 15, though individual policy changes will vary significantly based on risk. FAIR Plan enrollment has grown dramatically in recent years.
Real-estate implication: insurance needs to become an earlier part of buyer due diligence, particularly in hillside markets. Waiting until the end of escrow to investigate insurability is increasingly risky.
Reach out to me and I will explain or translate exactly what each day’s news means for you and your individual goals
Ken Sisson
Associate Broker | REALTOR®
DRE 01292247
Christie’s International Real Estate
https://kensisson.com
(310)308-8672