April 2026
LA & OC Market
Reports
Real data on what's happening in Los Angeles and Orange County real estate right now. Updated monthly by Johnny Leou (DRE#02064780).
LA Median Home Price
$825K
OC Median Home Price
$920K
New Listings (MoM)
+17%
Closed Sales (MoM)
+31%
The Big Picture
What the Data Is Saying
April 2026 marks the fourth consecutive month of year-over-year home price declines across Los Angeles. Combined with a 17% surge in new listings and a 31% jump in closed sales month-over-month, the market is telling a nuanced story: inventory is loosening, buyers are gaining leverage, and the spring window is real - but brief.
Several perimeter LA neighborhoods have shifted into full buyer's market conditions, with longer days on market and price reductions becoming more common. Core neighborhoods like Los Feliz, Beverly Hills, and Silver Lake remain competitive but are showing cracks that informed buyers can exploit.
Orange County is more resilient overall, with Irvine and Tustin seeing consistent demand driven by schools, safety, and employer proximity. New construction in Irvine is, however, putting downward pressure on resale pricing - a dynamic worth tracking.
For Buyers
- -4 months of YOY price softening create real negotiating room
- -Inventory up 17% means more options, less panic buying
- -Credits and price reductions becoming standard in softer pockets
- -Best entry window for LA buyers since 2020
For Sellers
- -Pricing strategy is more critical than ever - overpricing stalls fast
- -Homes priced right still move quickly with strong representation
- -Professional staging and targeted marketing separate top listings
- -Spring activity is accelerating - now is still a viable time to list
Los Angeles
Neighborhood Breakdown
Silver Lake
$1.29M
Avg. 22 days on market
Buyer negotiating room emerging on stale listings
Echo Park
$985K
Avg. 28 days on market
Motivated sellers, strong entry point for buyers
Los Feliz
$1.85M
Avg. 18 days on market
Premium demand holding, limited inventory
Boyle Heights
$750K
Avg. 31 days on market
Best value relative to location in central LA
Larchmont Village
$1.17M
Avg. 24 days on market
Quality inventory up, walkability premium holds
Downtown LA
$699K
Avg. 45 days on market
Condo buyers have strong leverage right now
Beverly Hills
$4.75M
Avg. 35 days on market
Luxury demand resilient despite broader softening
Hollywood
$950K
Avg. 29 days on market
Steady activity, mixed inventory quality
Orange County
Neighborhood Breakdown
Irvine
$1.45M
Avg. 20 days on market
New construction creating pressure on resale pricing
Tustin
$879K
Avg. 26 days on market
Strong schools, no HOA options driving demand
Let's Talk Strategy
Know What the Market Means for You
Market data tells you what's happening. Johnny Leou (DRE#02064780) tells you what to do about it. Whether you're buying, selling, or timing a move - get a straight answer.
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