LOS ANGELES, Calif. – New market data from The MLS analyzed by the Greater Los Angeles REALTORS® (GLAR) shows that median condominium prices across the Los Angeles region have declined for four consecutive months, even as median lease prices have remained flat since May, a divergence that housing advocates say signals a meaningful shift in the region’s path to homeownership.

According to figures from MLS CLAW™ spanning April through July 2026, the median sale price for condominiums fell from $699,000 in April to $675,000 in July, a decline of $24,000, or roughly 3.4 percent. Over the same period, median days on market for condos rose from 26 to 32, indicating buyers are facing less competitive pressure than earlier in the year.

Single-family home prices, by contrast, held largely steady, moving from $1,037,410 in April to $1,050,000 in July, a net change of about one percent. Days on market for single-family homes remained fast throughout the period, rising only slightly from 14 to 16 days.

Median lease prices, meanwhile, have shown no meaningful movement since May, holding at $3,800 per month in both June and July after a brief increase to $3,850 in May from $3,780 in April.

“Renters are paying the same bill every month with nothing to show for it, while the path into ownership, especially through the condo market, has actually gotten a little more accessible,” said Chris Duff, 2026 President of Greater Los Angeles REALTORS®. “Four straight months of falling condo prices, combined with a single-family market that’s stayed steady instead of overheating, tell us this region still has real entry points for buyers who assumed homeownership was out of reach.”

GLAR leaders noted that the trend is most pronounced in the condominium segment, which has served historically as an entry point to ownership for first-time buyers in the region. The consistency of the four-month decline, officials said, distinguishes it from the kind of single-month volatility sometimes seen in lower-volume segments of the market.

“Every month you spend renting is a month you could be building equity of your own.” Duff added. “The data over these four months suggests the alternative is getting more attainable, not less.”

GLAR will continue to monitor monthly data as it becomes available and will incorporate year-over-year comparisons once historical benchmarking is finalized with MLS CLAW™.

About Greater Los Angeles REALTORS®: 

Greater Los Angeles REALTORS® is a professional association serving real estate professionals across the Los Angeles region, advancing policies and initiatives that support housing affordability, availability, and sustainable homeownership opportunities for the communities it serves.