Spring 2025: A Buyer’s Market in Los Angeles County
Spring has officially arrived in Los Angeles County, and with it comes the much-anticipated Spring Housing Market. Typically, this time of year means increased housing inventory, peak buyer demand, and a fast-paced real estate environment. However, Spring 2025 is breaking the mold, creating a rare opportunity that favors buyers. As leading real estate agents on the Westside of Los Angeles, we are uniquely positioned to help both buyers and sellers achieve their goals in this evolving market.
What Makes Spring 2025 Different for Los Angeles Homebuyers?
During the spring, the real estate market traditionally heats up as more homes hit the market, offering potential buyers plenty of choices. This year, that trend continues, but with a twist: while the number of available properties is growing, the pace of the market is much slower than usual. This shift creates a unique buyer’s market in Los Angeles County, especially in sought-after areas like Santa Monica, Pacific Palisades, Brentwood, and Venice.
Compared to previous years, significantly more homeowners are deciding to list their properties. In fact, there are 22% more homes on the market this year compared to last, and an impressive 43% more than in 2023. This influx has increased the active inventory to 12,119 homes—the highest level since October 2019. Even the luxury market (homes priced over $2 million) has seen a 7% rise in listings within just the past two weeks.
Why Are More Homes Coming on the Market in Los Angeles?
One major reason behind the surge in inventory is that homeowners who previously chose to stay put due to low, locked-in mortgage rates are finally reconsidering. After rates spiked in 2022, many homeowners “hunkered down” to avoid selling. However, that reluctance is starting to fade, and more people are now willing to list their properties.
Another factor affecting the Los Angeles County housing market is the continued high mortgage rates, which have been hovering around 6.5%. While rates are slightly lower than last year, they remain elevated enough to make buyers more cautious. As a result, homes aren’t moving as quickly as they did in the past few years, leading to a larger inventory.
A Slower Market Means More Opportunities for Buyers
The Expected Market Time (EMT)—the number of days it takes to sell all active listings at the current buying pace—has increased significantly this spring. Starting at 94 days, it’s the slowest spring pace since tracking began in 2012. For comparison, the EMT at this time last year was just 60 days. This slower pace is great news for buyers because it means less competition and more time to make decisions.
Additionally, around 58% of active listings have been on the market for over a month, and over a third have remained unsold for at least two months. This trend indicates that some sellers may have set their initial asking prices too high. As a result, about 29% of properties have already seen price reductions, providing potential buyers with more negotiating power.
What Does This Mean for Westside Los Angeles Real Estate?
For buyers, this spring offers a rare chance to explore a wide selection of homes without the pressure of rushed decisions or bidding wars. Whether you’re interested in a beachfront property in Marina Del Rey, a stylish condo in Playa Vista, or a family home in Culver City, now is the time to take advantage of the buyer-friendly conditions.
For sellers, it’s essential to price your property correctly from the start. Homes that hit the market with inflated prices tend to linger, leading to price reductions and extended days on the market. With increased competition, it’s more important than ever to work with an experienced agent who knows the Westside market inside and out.
Your Trusted Westside Real Estate Experts
As leading agents on the Westside of Los Angeles, we understand the unique dynamics of the local housing market. Whether you’re buying or selling, we’re here to guide you through every step, providing the insight and expertise needed to make the most of this buyer’s spring.
If you’re considering purchasing a home in Los Angeles County, or selling your property in Pacific Palisades, Santa Monica, Brentwood, or beyond, reach out to us today. Let’s work together to achieve your real estate goals in this unique spring market.