As we step into April, the Los Angeles housing market continues to show resilience amidst recent challenges. According to the MLS, home sales increased by 13.7% from February to March 2025. This uptick is likely influenced by displaced residents seeking new housing options and the stabilization of mortgage rates. Currently, the 30-year fixed mortgage rate stands at 6.63%, per Freddie Mac. The market remains competitive, with 41% of homes selling above the asking price.
In the aftermath of the January wildfires, significant progress has been made in recovery efforts. Phase 1 of the cleanup, focusing on the removal of hazardous household waste, was completed as of February 27, 2025. Phase 2, involving the removal of structural debris, is currently underway, managed by the U.S. Army Corps of Engineers. Homeowners affected by the wildfires face decisions to rebuild or sell, influenced by factors such as rebuilding costs, insurance coverage, and personal circumstances. The deadline to submit Right of Entry or Opt-Out forms for debris removal has been extended to April 15, 2025.
Looking ahead, the Los Angeles housing market is expected to be influenced by ongoing recovery efforts, decisions of wildfire-affected residents, and broader economic factors. While inventory remains tight and mortgage rates continue to stabilize, demand is anticipated to stay strong. However, recent federal tariff developments and their impact on the stock market may introduce some uncertainty, potentially influencing consumer confidence and investment behavior. Despite these headwinds, the California Association of Realtors maintains a positive outlook, forecasting a 10.5% rise in home sales for the year.
At Highland Premiere, we are committed to providing clarity, confidence, and care every step of the way. Whether you’re buying, selling, or exploring your options, our dedicated team is here to guide you with integrity and personalized support.
Source: Highland Premiere Real Estate
