Video: Northeast Los Angeles Market Report - L.A. Real Estate Reality

This Week’s Topic: Mortgage Rates Plunge - New format - 10 minutes
In a continuing story, Darren and Joe pick up from last week’s Federal Reserve’s news of a pause in rate hikes. This week saw mortgage rates plunge. It was the biggest one-week drop in rates in over a year, causing the first increase in mortgage demand in a month.

Last Week’s Topic: Northeast Los Angeles Market Report
This week Darren and Joe share some of the latest numbers on the Northeast Los Angeles real estate market.

More: Sold and new listing reviews, market news, other interesting things we've found this week in real estate

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Check Your Neighborhood's Results - Compass / Urban Hillsides Team Q3 2018 Market Report for Los Angeles

Check Your Neighborhood's Results - Compass / Urban Hillsides Real Estate Q1 2017 Market Report for Los Angeles

Northeast Los Angeles Real Estate on the Rise

Northeast Los Angeles market is ramping up for the traditional selling season after a slowing for the winter months.

• New inventory has increased from 61 units to 149 per month
• Sold units were at 89 in December and slowing into February to 70
• Inventory was low at 152 at the end of the year and current is 254 units for February - a normal inventory range over the last few years is 240 to 270 units

All that said, we are now entering the busy selling season.

Market Report for Northeast Los Angeles

MarketReport_4-2-15

Today we're taking a look at real estate trends in Northeast Los Angeles, which includes the zip codes of 90026,90039,90041,90042,90065,90031. Here are the highlights:

• New listings are on the rise as we move into the spring selling season.
• Pending sales are keeping up to maintain a low inventory level.
• Sold listings tapered off in February but picked right back up in March.
• Steady level on price reductions - there are always those sellers that just ask more than the market will bear.

It's a great time to sell - contact us for a complimentary market evaluation of your home!