Los Angeles Real Estate Blog & Market Updates

The LA housing market in August 2026 holds a slight seller's advantage, with a Market Action Index of 35 and median list price at $1,399,000. Mortgage rates climbed to 6.71%, the highest level in over a year, yet well-priced homes across the San Fernando Valley and the Westside of Los Angeles are still drawing multiple offers while overpriced listings sit.

Mortgage rates for San Fernando Valley and Westside buyers have spent much of August hovering in the mid-to-upper 6% range. Freddie Mac's August 27 weekly average was 6.66%, but rates moved higher following Federal Reserve Chair Kevin Warsh's August 28 Jackson Hole remarks, a reminder of how sensitive borrowing costs remain to inflation data and expectations about future Fed policy. Rates haven't meaningfully improved, but higher rates are also helping create a less competiti

The Residences at Sportsmen's Lodge is a 520-unit, $500 million mixed-use development rising at Ventura and Coldwater in Studio City, with construction expected to run through 2027. For Studio City and Sherman Oaks homeowners, the closer your home sits to the site, the more you will feel both the short-term construction disruption and the longer-term amenity and walkability lift once the project delivers.