Los Angeles County Housing Market Report: May 2016
Median home price is $521,600 with a rental parity value of $624,800. This market’s discount is $103,200.
Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis declined from $417/SF to $416/SF. Resale prices have been falling for 1 month(s).
Over the last 12 months, resale prices rose 7.6% indicating a longer term upward price trend.
Median rental rates increased $0 last month from $2,666 to $2,666. The current capitalization rate (rent/price) is 4.9%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 6