Market Values Stagnant Since '22 | Same for you?

[Steven S.]

I run comps a lot, and was noticing how values haven't changed much since late '22 to today. Typically, newer comps close for more than older comps per appreciation/inflation. What I'm noticing in a lot of areas out here are 2 year old comps that are selling at today's values.

📉 Take a look at the $/SF trends by segment for these markets:

📈 Here are the Rent/Absorption trends:

🤔 So, I’m curious—have you noticed this trend in your area? What do you think stagnant $/sf values alongside rising rental rates & absorption mean for the health of the market?

This is Los Angeles City-wide: