Author: SUSIE AVEDISSIAN

In Los Angeles, the share of homes selling above list price rose by 1.4 percentage points year-over-year, and the average sale-to-list ratio increased by 0.43 points. Sellers are seeing stronger offers and more competitive bidding, making this a promising time to list.

From June to August 2026, Los Angeles saw a 2.9% increase in new listings compared to last year. This gives buyers more options and reduces the pressure of limited inventory. If you’ve been waiting for more selection, now is a great time to explore the market.

In Los Angeles from June to August 2026, home prices saw a modest but real decline. The median sale price dropped 1.4% year-over-year, and price per square foot fell nearly 2.4%. This shift means buyers have more negotiating power and improved affordability in a market that has long favored sellers.

Los Angeles County's 2026 Assessment Roll reached a record $2.272 trillion, a 4.42% increase generating over $27 billion in property tax revenue for public services. Despite wildfire impacts and a cooling housing market, new construction added $12 billion, and property transfers contributed $49 billion. The median home price rose to $982,000. Proposition 13's 2% inflation cap added $43 billion. The roll includes nearly 2.4 million parcels and various property types.

Teen Council is a free local opportunity for young people ages 11–18 to get involved, build leadership skills and connect with their community. The next meeting takes place October 13, 2026, at Woodland Hills Branch Library, with the program continuing through December 8.

Participants can explore meaningful ways to contribute locally while developing communication, collaboration and leadership experience. The meetings are also an excellent way to connect with other teens who want to make a positive difference.

Community service hours are available, making Teen Council a valuable option for students seeking hands-on involvement beyond the classroom. Families in Woodland Hills and nearby neighborhoods can share this opportunity with teens who are ready to take initiative.

Attendance is free. For dates, details and participation information, visit https://www.lapl.org/events/teen-council-58 and help a local teen take the next step toward community leadership.

Los Angeles saw a 3.3% increase in homes sold from June to August 2026 compared to last year. This uptick signals stronger buyer activity and renewed demand for sellers. If you’re considering listing, the market is showing signs of healthy movement.

The U.S. luxury housing market shows regional differences, with coastal metros offering smaller, older luxury homes at higher prices, while Sun Belt and Midwest markets provide newer, larger homes often under $1 million. Six metro areas have top 10% listings with median build years from 2008 to 2013 and starting prices ranging from about $750,000 to $1 million.

In July 2026, 53% of new single-family homes sold in the U.S. were priced under $400,000, up from 50% a year earlier, with the median price at $393,800 and the average at $508,800. Builders are shifting toward smaller, entry-level homes to meet payment constraints, not just cutting prices. Buyers should compare price per square foot, fees, incentives, and appraisal risks, as sub-$400K homes often have trade-offs in size, location, and finishes.