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LA condo sales plummet to 20-year low in latest grim sign for housing market

New York Post Fews App News Provider
Fews App Post Time Hace 18h

The condo market in Los Angeles has gone ice cold as rising costs stall demand — fueling concerns that it could spell doom for the rest of the city’s housing market. Sales of LA condo units during the first two months of the year have fallen to a 20-year low, even as prices dropped nearly 5% in February, according to a report from ATTOM. With decreasing demand, condo prices have also hit a 12-year low.

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