Home Price Forecast Los Angeles 2024

In 2024, the real estate landscape has transformed from the frenzy of the pandemic era to a more stable and normalized market. The days of exaggerated home price appreciation have given way to a return to a typical growth rate of around 5%. While the nationwide appreciation rate once reached a staggering 18%, we now find ourselves in a more balanced real estate environment. This shift is a positive development, ensuring stability and accessibility for both buyers and sellers.