Published October 11, 2026 in Market Update

Higher rates line up with slower condo style pockets in Los Angeles

Here is the one thing that changes what you should do right now. CNBC reported that the average 30-year fixed rate rose to 7.49% in the week ending October 7, 2026. That is the highest borrowing cost in a long time, and it is landing on parts of Los Angeles that were already slow.

These numbers cover the three months ending August 31, 2026. Read them as a snapshot, not a forecast.

The slowest pocket: ZIP 90013

The Real Estate Data Aggregator counted 7 homes sold in 90013 in the three months ending August 31, 2026. That is a very thin number. The median sale price there was $625,000.

The Real Estate Data Aggregator put days on market at 167 in 90013. Most sellers waited more than five months for a deal. And 0% of homes sold above list price. Not one.

The Real Estate Data Aggregator counted 26.7 months of supply in 90013. That means if no new homes listed, it would take more than two years to clear what is already for sale. Sellers face real competition here.

Rates make a slow market slower

Realtor.com reported that mortgage rates moved above 7% in September 2026, the first time since January 2025. Higher rates cut what buyers can afford. Fewer buyers mean more competition among sellers.

Realtor.com also reported that 20.8% of listings had price reductions in September 2026. That is the highest share since October 2022. Nearly 1 in 5 sellers had to lower their ask.

CNBC reported that mortgage applications to purchase a home were 15% lower than the same week one year ago. Fewer buyers are even trying to get a loan right now.

Not every ZIP code reads the same

ZIP 90013 is the slowest pocket in this data. But other ZIP codes look very different. Compare it with 90018 and 90037.

The Real Estate Data Aggregator counted 42.4% of homes in 90018 selling above list price in the three months ending August 31, 2026. The median sale price there was $950,000, up 8.6% from the same months of 2025. Days on market: 47.

In 90037, the Real Estate Data Aggregator found 42.1% of homes sold above list price. The sale-to-list ratio was 99.2%. That is a very different story from 90013.

What this means for sellers

In the slower pockets, more supply and fewer buyers means price is the main lever you control. Realtor.com reported the area median home price at $1,034,500 as of September 30, 2026. But 90013 sold at $625,000. That gap matters when you set your number.

The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. That is a national picture. Some Los Angeles ZIP codes are moving in a different direction.

What this means for buyers

In 90013, no homes sold above list price in the three months ending August 31, 2026. Buyers had room to compare and negotiate. The catch: financing at 7.49% (CNBC, October 7, 2026) raises your monthly cost on any price.

In 90018 and 90037, more than 4 in 10 homes sold above list. Those pockets are more competitive, even with rates high.