Downtown Los Angeles (DTLA) has experienced a slight softening in its real estate market. As of February 2025, the median sale price for homes in DTLA was approximately $585,000, reflecting a 3.7% decrease compared to the previous year. Homes in this area typically remained on the market for an average of 148 days, a significant increase from 79 days in the prior year. Despite these trends, the number of homes sold in February rose slightly to 48, up from 46 in the same period last year.
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Summertime is traditionally slower in our region’s real estate market, as Seattleites pause and take time to enjoy the warm weather, families spend more time together with kids out of school, and residents leave for summer vacay and other fun activities. However, this summer “the total number of single-family homes on the market jumped an eye-popping 43 percent in June from a year ago across King County, the biggest increase since the housing bubble and burst a decade ago,” according to the Seattle Times.
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