CULVER CITY (July 13) – According to data released by The MLS/CLAW, the median sale price for single-family residences in Los Angeles was $1,060,000 in June 2026. A total of 3,115 single-family homes closed escrow during the month, with 13,017 single-family listings on the market and a median days on market of 16. Condominiums sold at a median price of $685,000, with 967 closings, 6,305 active condo listings, and a median days on market of 29.

“People keep asking me what’s going on in the Los Angeles market. The answer is simple: we don’t have enough homes on the market that people can actually afford, and we’re not building nearly enough of them,” says GLAR President Chris Duff. “Developers are building, just not here. Overly restrictive regulations on development and poorly designed tax policies like Measure ULA are pushing much-needed investment into neighboring cities, while good projects sit stalled on the drawing board right here in L.A. But this isn’t only about new construction. We’re also losing inventory we already have, because outdated policies are keeping it off the market.”

Duff points to the federal capital gains exclusion on home sales as a prime example. The threshold, $250,000 for individuals and $500,000 for married couples, has not been adjusted since 1997 and has not kept pace with home value appreciation. NAR is advocating for the More Homes on the Market Act, which would double that exclusion and index it to inflation going forward.

“Right now, a longtime homeowner who wants to sell and downsize gets hit with a tax bill that hasn’t been updated in almost 30 years. That’s not housing policy; that’s a stay-put penalty, and it’s freezing up inventory we badly need. Modernizing that exclusion is one of the fastest ways to get existing homes back on the market, and it doesn’t cost taxpayers a dime in new construction,” says Duff.

NAR’s recent Profile of Home Buyers and Sellers shows that the market share of first-time homebuyers dropped to 21% in 2025, an all-time low, while the median age of a first-time buyer climbed to 40, also an all-time high.

“First-time buyers are struggling everywhere, and it’s especially tough here in Los Angeles. If we don’t build the housing options they need at prices they can actually afford, they’ll go somewhere else, and we’ll lose them for good,” Duff notes.

Overall, 4,754 properties closed escrow in June, 209 more than in May. That total includes every property type tracked by The MLS/CLAW: single-family residences, condominiums, income properties, land, and mobile homes.

Duff also points to California’s homeowner insurance crisis as a growing barrier to closing deals. Insurance availability has shrunk and costs have climbed sharply across the state, a squeeze that intensified after recent wildfires. It is a top priority for REALTORS® statewide heading into this year’s Legislative Day in Sacramento.

“A great sale price does not mean much if a buyer cannot get coverage to close. I have seen deals fall apart at the finish line because insurance either was not available or the cost made the loan impossible. Price, supply, and insurance are all part of the same affordability problem, and the state needs to treat it that way,” says Duff.

“Demand in Los Angeles is strong. Affordability is not. We need to do more as a region and as a state: build more, fix the tax policies that are keeping existing homes locked up, and stabilize the insurance market so deals can actually close. It is not one fix; it is all three, and we need lawmakers moving on all of them,” says Duff.

About Greater Los Angeles REALTORS®: 

Greater Los Angeles REALTORS® represents over 10,000 REALTOR® and Affiliate Members serving the cities of Beverly Hills, Culver City, Los Angeles, Santa Monica, West Hollywood, and unincorporated areas of Los Angeles County. REALTOR® members set themselves apart from other real estate licensees through the ethics, standards, and advocacy that organized real estate provides.