- Los Angeles-Long Beach-Glendale home prices decreased by 1.3% year-over-year in June 2025.
- National home prices increased by 1.7% from June 2024 to June 2025.
- The report suggests a shift towards a more balanced housing market.
According to the latest Home Price Index report from First American Data & Analytics, the Los Angeles-Long Beach-Glendale area experienced a 1.3% decrease in home prices from June 2024 to June 2025. Meanwhile, nationally, home prices rose by 1.7% during the same period.
Chief Economist Mark Fleming notes, "The great house price slowdown continues with seven consecutive months of annual price deceleration," indicating a potential shift back towards a buyer’s market. This is largely driven by increased inventory and affordability constraints.
The report also segments the Los Angeles-Long Beach-Glendale market into three price tiers: starter, mid, and luxury. Each tier saw decreases, with the starter tier declining by 0.1%, mid-tier by 0.2%, and luxury tier by 0.4% year-over-year.
In broader trends, the affordability issues are most challenging for first-time homebuyers, particularly affecting the starter tier. Lower prices in areas traditionally seen as expensive or relatively affordable, such as Denver and Orlando, are providing new opportunities for market entry.
First American Financial Corporation (FAF, Financial), a provider of property-centric information, utilizes a comprehensive approach to compile and analyze housing market data. The ongoing shifts suggest a move towards a more balanced housing market, favoring neither buyers nor sellers excessively.
