Los Angeles Real Estate Blog & Market Updates

Published on July 9, 2026 by Leegie Parker Leegie Parker | Real Estate Advisor | DRE 01020534 | Compass | Leegie.com June Market Stats At a Glance The Los Angeles real estate market in June 2026 is steady, with a slight seller's advantage. The median list price for single family homes in the City of Los Angeles eased to $1,469,500, active inventory grew to 1,948 homes, and mortgage rates ended the month at a seven-week low of 6.43%. Well-priced homes are still moving fast: th

Santa Monica Airport closes permanently on December 31, 2028, and the 192-acre site will be redeveloped into the Santa Monica Great Park. The closure will reduce noise and air traffic across Sunset Park, Ocean Park, Mar Vista, and Venice, and the new public green space is likely to lift long-term property values in the surrounding Westside neighborhoods.