I am excited to share our July 2024 Compass National Insights including national real estate market data and economic trends with all of you.
Here are a few highlights....
Year over Year (YOY) single family homes and condos/coops are up 4.1% and 2.6% respectively.
(The S&P CoreLogic Case-Shiller Los Angeles Home Price NSA Index measures Los Angeles appreciation of single-family homes to be at 8.59%)
Inventory levels are creeping up and are 13.4% higher than in June of 2023. 65% of homes went into contract in 1 month or less, although 52% of homes listed saw price reductions.
National data and your local data can be very different, but having access to this type of information is imperative to understanding the macro market currents and offering insights to you!
For the full presentation and slide deck, please reach out to me!