Los Angeles Housing Market Report: July 2016
Median home price is $534,900 with a rental parity value of $639,600. This market’s discount is $104,700.
Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased from $421/SF to $424/SF. Resale prices have been rising for 11 month(s).
Over the last 12 months, resale prices rose 7.4% indicating a longer term upward price trend.
Median rental rates increased $25 last month from $2,708 to $2,733. 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