Deric Rangell

Los Angeles, CA 90018

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90018

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Angeles, CA 90018

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $799,990
Per Square Foot $515
Days on Market 82
Price Decreased 30%
Price Increased 0%
Relisted 6%
Inventory 33
Median House Rent $2,550
Most Expensive $2,099,000
Least Expensive $565,000
Market Action Index
Strong Seller's Market
47

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,122,500 2,132 6,500 - 8,000 sqft 4 1 108 1 0 120
$898,000 1,899 4,500 - 6,500 sqft 3 1 111 0 0 65
$750,000 1,469 4,500 - 6,500 sqft 3 1 103 2 0 63
$631,000 1,168 4,500 - 6,500 sqft 2 0 106 3 0 80