The prices of houses in southern California have reached February, the first increase in seven months.
The average price of houses in the Six counties region increased from 0.3% from January to $ 874,382 in February, according to Zillow.
The prices of houses had decreased every month since August, which, according to economists, was a reflection of consumers and seasonal factors.
The values of high houses and high mortgage rates have made it difficult for potential buyers to submit more housing, and the market also tends to slow down in the fall and winter.
However, the decreases were low, however, the prices of January only 1.6% reduction on all time with last summer. The small increase in February, which coincided with a slight drop in mortgage rates, could point out that values should degenerate during the typically occupied spring sales season.
But Orphe Divounguy, main economist at Zillow, does not see much change.
He said mortgage rates this year is not likely to change a lot compared to the middle of 6% where they are today, which should prevent buyers of potential houses from paying much more for a house or a condo.
The existing owners also choose more and more to sell, which should also maintain a lid on prices.
According to Zillow, there were 32% more houses to sell in the county of the in February 2024, that experts attribute to existing owners who want to move more and more than keep cheap mortgages acquired during the pandemic.
In February 2026, Zillow expects the prices of houses in the counties of Los Angeles and Orange increased by 0.1% compared to last month.
Housing price by city and neighborhood
Note to readers
Welcome to the Los Angeles Times Immobilier Tracker. Each month, we will publish a relationship with data on housing prices, mortgage rates and rental prices. Our journalists will explain what the new data means for Los Angeles and the surrounding area and will help you understand what you can expect to pay for an apartment or a house. You can read the ventilation of real estate from last month here.
Explore the prices and rents of the houses for February
Use the tables below to search for home sales prices and apartment rental prices by city, neighborhood and county.
Rental price in southern California
In the past year, asking for rents for apartments in many southern California regions has checked, but the county's January fires could upset the downward trend.
Experts said that the increase in vacancy levels had forced owners to accept less rent, but fires have suffered thousands of houses, suddenly pushing many people on the rental market.
While these people were looking for accommodation, there were widespread reports on the tougeing illegal prices, some owners increasing rent by more than 50%.
The authorities have since filed several criminal and civil cases against owners and real estate agents, and it is not clear to what extent the larger market will be more competitive in the months and the coming year.
Most destroyed houses were single -family houses and some experts say they expect the highest increase in rent to be in larger units to burning areas in the Pacific and Altadena palisades, with upward pressure on the cost decreasing as the units become smaller and more distant from the catastrophe area.
January and February rent data gives an early overview of what could happen.
In Santa Monica, which borders the Los Angeles district of Pacific Palisades, the median rent increased by 1.12% compared to January and 3.06% compared to December to reach $ 2,527 last month, according to Apartmentlist.
Rob Warnock, analyst at Apartmentlist, said the growth rate was faster than in previous years, something also seen near the Eaton Fire in Glendale and Pasadena, although to a lesser extent.
Throughout the city of Los Angeles, which includes the palisades and many districts which are not adjacent to a fire, the growth of rents is in fact lower than that observed in recent years. The median rent of the apartment in February increased 0.73% compared to January. The rent between December and January was unchanged.
Warnock has warned that the data does not include unified houses and the rent of apartments in the Los Angeles districts near the fire could also accelerate more than normal, but Apartmentlist does not have the opportunity to follow it.
