Los Angeles-Long Beach-Glendale Home Prices Down by 1.9% Year Over Year in January, According to First American Data & Analytics Monthly Home Price Index Report
First American Data & Analytics released its January 2025 Home Price Index (HPI) report, revealing that the Los Angeles-Long Beach-Glendale market experienced a 1.9% year-over-year decline in home prices and a 1.3% month-over-month decrease.
Nationally, house price growth slowed to its lowest pace since June 2023, with a modest 0.1% month-over-month increase and a 3.3% year-over-year gain. Chief Economist Mark Fleming attributes this slowdown to elevated mortgage rates reducing buying power and increasing inventory levels.
In the Los Angeles market, price changes varied across segments: starter homes declined by 1.5%, mid-tier properties increased by 0.8%, and luxury homes decreased by 1.1%. Notably, luxury home buyers, less affected by the lock-in effect, showed strong activity nationwide, with sales of homes priced over $1 million jumping 35% nationally.
First American Data & Analytics ha pubblicato il suo rapporto sull'Home Price Index (HPI) di gennaio 2025, rivelando che il mercato di Los Angeles-Long Beach-Glendale ha registrato un declino dell'1.9% su base annua nei prezzi delle abitazioni e un decremento dell'1.3% su base mensile.
A livello nazionale, la crescita dei prezzi delle case ha rallentato al suo ritmo più basso dal giugno 2023, con un modesto incremento dello 0.1% su base mensile e un aumento del 3.3% su base annua. Il capo economista Mark Fleming attribuisce questo rallentamento ai tassi ipotecari elevati che riducono il potere d'acquisto e aumentano i livelli di inventario.
Nel mercato di Los Angeles, le variazioni dei prezzi sono state diverse tra i segmenti: le case per principianti sono diminuite del 1.5%, le proprietà di fascia media sono aumentate dello 0.8%, e le case di lusso sono calate dell'1.1%. È importante notare che i compratori di case di lusso, meno influenzati dall'effetto lock-in, hanno mostrato una forte attività a livello nazionale, con le vendite di case con prezzo superiore a 1 milione di dollari che sono aumentate del 35% a livello nazionale.
First American Data & Analytics publicó su informe del Índice de Precios de Viviendas (HPI) de enero de 2025, revelando que el mercado de Los Ángeles-Long Beach-Glendale experimentó una caída del 1.9% interanual en los precios de las viviendas y una disminución del 1.3% mensual.
A nivel nacional, el crecimiento de los precios de las casas se desaceleró a su ritmo más bajo desde junio de 2023, con un modesto incremento del 0.1% mensual y una ganancia del 3.3% interanual. El economista jefe Mark Fleming atribuye esta desaceleración a las altas tasas hipotecarias que reducen el poder adquisitivo y aumentan los niveles de inventario.
En el mercado de Los Ángeles, los cambios de precios variaron entre segmentos: las casas para principiantes disminuyeron un 1.5%, las propiedades de nivel medio aumentaron un 0.8%, y las casas de lujo disminuyeron un 1.1%. Es notable que los compradores de casas de lujo, menos afectados por el efecto de bloqueo, mostraron una fuerte actividad a nivel nacional, con las ventas de casas con precio superior a 1 millón de dólares que aumentaron un 35% a nivel nacional.
퍼스트 아메리칸 데이터 & 애널리틱스는 2025년 1월 주택 가격 지수(HPI) 보고서를 발표하며, 로스앤젤레스-롱비치-글렌데일 시장에서 주택 가격이 전년 대비 1.9% 하락하고 전월 대비 1.3% 감소했다고 밝혔습니다.
전국적으로 주택 가격의 성장률은 2023년 6월 이후 가장 낮은 수준으로 둔화되었으며, 전월 대비 0.1% 증가와 전년 대비 3.3% 증가를 기록했습니다. 수석 경제학자 마크 플레밍은 이 둔화를 높은 모기지 금리가 구매력을 감소시키고 재고 수준을 증가시키기 때문이라고 설명했습니다.
로스앤젤레스 시장에서는 가격 변동이 세그먼트에 따라 달라졌습니다: 스타터 홈은 1.5% 감소, 중간 가격대의 부동산은 0.8% 증가, 고급 주택은 1.1% 감소했습니다. 특히, 잠금 효과에 덜 영향을 받은 고급 주택 구매자들은 전국적으로 강한 활동을 보였으며, 100만 달러 이상의 주택 판매가 전국적으로 35% 증가했습니다.
First American Data & Analytics a publié son rapport sur l'Indice des Prix des Maisons (HPI) de janvier 2025, révélant que le marché de Los Angeles-Long Beach-Glendale a connu un déclin de 1.9% par rapport à l'année précédente des prix des maisons et une baisse de 1.3% par rapport au mois précédent.
Au niveau national, la croissance des prix des maisons a ralenti à son rythme le plus bas depuis juin 2023, avec une modeste augmentation de 0.1% par rapport au mois précédent et un gain de 3.3% par rapport à l'année précédente. L'économiste en chef Mark Fleming attribue ce ralentissement à des taux hypothécaires élevés qui réduisent le pouvoir d'achat et augmentent les niveaux d'inventaire.
Dans le marché de Los Angeles, les changements de prix variaient selon les segments : les maisons pour primo-accédants ont diminué de 1.5%, les propriétés de milieu de gamme ont augmenté de 0.8%, et les maisons de luxe ont baissé de 1.1%. Il est à noter que les acheteurs de maisons de luxe, moins affectés par l'effet de verrouillage, ont montré une forte activité à l'échelle nationale, avec des ventes de maisons de plus de 1 million de dollars augmentant de 35% au niveau national.
First American Data & Analytics hat seinen Bericht zum Hauspreisindex (HPI) für Januar 2025 veröffentlicht, der zeigt, dass der Markt von Los Angeles-Long Beach-Glendale einen Rückgang von 1.9% im Jahresvergleich bei den Hauspreisen und einen Rückgang von 1.3% im Monatsvergleich verzeichnete.
Auf nationaler Ebene verlangsamte sich das Wachstum der Hauspreise auf den niedrigsten Stand seit Juni 2023, mit einem moderaten Anstieg von 0.1% im Monatsvergleich und einem Gewinn von 3.3% im Jahresvergleich. Chefökonom Mark Fleming führt diese Verlangsamung auf die hohen Hypothekenzinsen zurück, die die Kaufkraft verringern und die Lagerbestände erhöhen.
Im Markt von Los Angeles variieren die Preisänderungen je nach Segment: Starterhäuser sanken um 1.5%, Immobilien im mittleren Preissegment stiegen um 0.8%, und Luxuswohnungen fielen um 1.1%. Besonders bemerkenswert ist, dass Käufer von Luxusimmobilien, die weniger vom Lock-in-Effekt betroffen sind, landesweit eine starke Aktivität zeigten, wobei die Verkäufe von Häusern über 1 Million Dollar landesweit um 35% zunahmen.
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National House Price Growth Sinks to Slowest Pace Since Summer 2023
—Much like the groundhog seeing its shadow, we expect the housing winter to persist in the face of elevated mortgage rates, says Chief Economist Mark Fleming—
January1 Home Price Index |
|
|
|
Los Angeles-Long Beach Glendale Market |
|
Metric |
Change in HPI |
December 2024-January 2025 (month over month) |
-1.3 percent |
January 2024-January 2025 (year over year) |
-1.9 percent |
National HPI |
|
Metric |
Change in HPI |
December 2024-January 2025 (month over month) |
+0.1 percent |
January 2024-January 2025 (year over year) |
+3.3 percent |
Chief Economist National HPI Analysis:
“National house price growth slipped to the slowest pace since June 2023 amid elevated mortgage rates and rising inventories,” said Mark Fleming, chief economist at First American. “Elevated mortgage rates reduce house-buying power for potential buyers, holding back demand. At the same time, inventory levels are increasing as some potential sellers list their homes for sale after coming to terms with ‘higher-for-longer’ rates and more new-home completions hit the market, further dampening price growth. Much like the groundhog seeing its shadow, we expect this ‘housing winter’ to persist if mortgage rates remain high while inventories keep climbing.”
Year-Over-Year Price-Tier Data for the Los Angeles-Long Beach-Glendale Metro Area: January 2024 to January 2025
The First American Data & Analytics HPI segments home price changes at the metropolitan level into three price tiers based on local market sales data: starter tier, which represents home sales prices at the bottom third of the market price distribution; mid-tier, which represents home sales prices in the middle third of the market price distribution; and the luxury tier, which represents home sales prices in the top third of the market price distribution.
CBSA |
Starter |
Mid-Tier |
Luxury |
|
- |
+ |
- |
“The luxury price tier stands out as a relative outperformer when measuring annual house price growth by tier and market. Prices in the luxury tier grew in 25 of the 28 markets we tracked this month, outpacing price growth in the mid- and starter tier segments,” said Fleming. “Luxury home buyers, less affected by the lock-in effect due to their ability to pay in cash, are playing a different game. In December’s existing-home sales report, the boom in sales was most distinct at the upper end of the market as sales of homes priced at more than
January 2025 First American Data & Analytics Price Tier HPI Highlights2 |
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Core-Based Statistical Areas (CBSAs) Ranked by Greatest Year-Over-Year Increases in Luxury Tier HPI |
|||
CBSA |
Change in Starter Tier HPI |
Change in Mid-Tier HPI |
Change in Luxury Tier HPI |
|
+2.5 percent |
+9.1 percent |
+6.4 percent |
|
+1.2 percent |
+4.7 percent |
+6.3 percent |
|
+1.1 percent |
+3.9 percent |
+5.7 percent |
|
+1.2 percent |
+2.0 percent |
+4.8 percent |
|
+5.6 percent |
+3.9 percent |
+4.8 percent |
Additional January 2025 First American Data & Analytics HPI Highlights |
|
|
|
Core-Based Statistical Areas (CBSAs) with Greatest Year-Over-Year Increases in HPI |
|
CBSA |
Change in HPI |
|
+4.6 percent |
|
+4.6 percent |
|
+4.4 percent |
|
+4.3 percent |
|
+4.3 percent |
Core-Based Statistical Areas (CBSAs) with a Year-Over-Year Decease in HPI |
|
|
-3.8 percent |
|
-3.8 percent |
|
-1.9 percent |
|
-0.9 percent |
|
-0.6 percent |
HPI data for all 50 states and the largest 30 CBSAs by population is available here.
Visit the First American Economic Center for more research on housing market dynamics.
Next Release
The next release of the First American Data & Analytics House Price Index will take place the week of March 17, 2025.
First American Data & Analytics HPI Methodology
The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report. HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e., the preliminary result of July transactions is reported in August). The most recent index results are subject to revision as data from more transactions become available.
The HPI uses a repeat-sales methodology, which measures price changes for the same property over time using more than 46 million paired transactions to generate the indices. In non-disclosure states, the HPI utilizes a combination of public sales records, MLS sold and active listings, and appraisal data to estimate house prices. This comprehensive approach is particularly effective in areas where there is limited availability of accurate sale prices, such as non-disclosure states. Property type, price and location data are used to create more refined market segment indices. Real Estate-Owned transactions are not included.
Disclaimer
Opinions, estimates, forecasts and other views contained in this page are those of First American’s Chief Economist, do not necessarily represent the views of First American or its management, should not be construed as indicating First American’s business prospects or expected results, and are subject to change without notice. Although the First American Economics team attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. © 2025 by First American. Information from this page may be used with proper attribution.
About First American Data & Analytics
First American Data & Analytics, a division of First American Financial Corporation, is a national provider of property-centric information, risk management and valuation solutions. First American maintains and curates the industry’s largest property and ownership dataset that includes more than 8.6 billion document images. Its major platforms and products include: DataTree®, FraudGuard®, RegsData®, First American TaxSource™ and ACI®. Find out more about how First American Data & Analytics powers the real estate, mortgage and title settlement services industries with advanced decisioning solutions at www.FirstAmDNA.com.
About First American
First American Financial Corporation (NYSE: FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, and unmatched data assets, the company is leading the digital transformation of its industry. First American also provides data products to the title industry and other third parties; valuation products and services; mortgage subservicing; home warranty products; banking, trust and wealth management services; and other related products and services. With total revenue of
1 The most recent index results are subject to revision as data from more transactions become available.
2 Note:
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Source: First American Data & Analytics
FAQ
What was the year-over-year price change for Los Angeles-Long Beach-Glendale homes in January 2025?
How did different price tiers perform in the Los Angeles housing market in January 2025?
Which cities showed the strongest home price increases in January 2025?
What was the national home price change from December 2024 to January 2025?
Which markets experienced the largest price decreases in January 2025?
