Median value of a home that sold in the city of Los Angeles at the beginning of last December was $686,500 (according to Zillow.)
With the small amount of homes for sale I expect prices to hold firm if not increase a small percent over the next year.
Fortunately, interest rates have retreated to levels last April. This is good news. However, should various political and trade disputes be resolved, we could see rates rise rapidly.
A good deal for buyers: There is a program to lock in your rate at current, lower levels to protect against a rate rise while you are looking for a home. Let me know if this is of interest.
As always, I can help work out whether or not a purchase or a refinance would make sense for your specific situation. The consultation is free and without obligation. Just give me a call and I’ll be glad to help.