I recently investigated the feasibility of purchasing a home again, and the data confirmed why I am staying put. My current rent for a 2BR house in Los Angeles is ~$5,500/mo. I analyzed 2+BR/1.5BA properties in my neighborhood on [Site Name] and used Gemini OCR to extract the following statistics for active listings:
- Range $8.85 Million ($0.65M to $9.50M)
- Mean (Average) $2.425 Million (Sum of $92.16M / 38 properties)
- Median (Middle) $2.04 Million
- Mode (Most Common) $2.50 Million (appears 3 times)
I performed the same analysis for houses sold in the last three months within the same map area, with the following results:
- Range $1.155 Million ($0.725M to $1.88M)
- Mean (Average) $1.236 Million (Sum of $28.433M / 23 properties)
- Median (Middle). $1.25 Million
- Mode (Most Common) $1.10 Million (Appears 3 times)
The data confirms the disconnect: the only properties actually moving are those priced near the "least unaffordable" floor. Meanwhile, the bulk of the market is sitting stagnant because sellers are holding out for prices that, at current interest rates, make zero financial sense for a buyer compared to renting.
