Here’s what happened in L.A. urban real estate last month: Median home price dropped by $70,000 since the same month of the previous year. January 2020 median home price was $580,000. January 2021 median sold home price fell to $510,000. Based on MLS data from areas 23,42 and 1375.

Several Downtown specialist real estate agents report a significant uptick in new buyer requests in the past few days. Perhaps February might improve a bit.

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.