Multiple Offers, Full Asking Prices, and more

State of LA Housing Market - Curbed LA

The state of the Los Angeles housing market is now considered by some to be in a "mini-bubble" due to home prices increasing faster than the average resident's income.

Some facts to consider if you are buying a home:

- Ratio of sales price to list price is just above 100%, meaning that low offers are not likely to cut it

- 91% of sellers received multiple offers to buy their property

- 52% of homes have pending sales within two weeks of being on the market

It's advisable to make your best offer without delay when you see a home that works for you.