Los Angeles condominium sales rose 22 percent in the second quarter of 2026 compared to the same period last year, signaling a potential comeback for a segment that has lagged behind single-family homes in recent years. The data, reported by The Real Deal on August 1, 2026, indicates a shifting dynamic in the Los Angeles residential market.
The increase in condo transactions suggests that buyers are increasingly looking to the condominium market as a more affordable entry point into Los Angeles homeownership. With single-family home prices remaining elevated, condos have become an attractive alternative for first-time buyers, young professionals, and investors seeking rental income in one of the nation’s most expensive housing markets.
The second-quarter data showed that condo trades across the Los Angeles area averaged approximately $1.4 million, with particularly strong activity from Pacific Palisades through Downtown Los Angeles. The broad geographic spread of the sales increase indicates that the recovery is not limited to a single neighborhood but is distributed across multiple submarkets.
The condo market’s improvement comes amid broader mixed signals in the Los Angeles residential market. While luxury single-family home contracts have softened and asking volume for traditional homes has declined, the condominium sector is showing renewed vitality. This divergence suggests that buyer preferences may be shifting toward lower-maintenance, more densely located properties.
Real estate analysts attribute the condo market recovery to several factors, including mortgage rate stabilization, which has given buyers more confidence to commit to purchases. Additionally, the return of office workers to downtown Los Angeles has increased demand for urban condos, particularly in buildings with amenities that appeal to professionals.
The Los Angeles condo market has historically been more volatile than the single-family segment, with sharper downturns during economic uncertainty and stronger rebounds during recovery periods. The 22 percent year-over-year sales increase in Q2 2026 represents one of the strongest quarterly gains for the segment in recent years.
However, affordability challenges persist. A separate report from Realtor.com found that Los Angeles County rents hit a four-year low, but the decrease still does not make rentals affordable for most recent college graduates. The median rent in Los Angeles County remains among the highest in the nation, even after modest declines.
For the condo sales market, inventory has been a key factor. New condominium projects completed in recent years have added supply to the market, giving buyers more options and helping to moderate price growth. The increased supply, combined with stabilizing mortgage rates, has created conditions favorable for the sales recovery observed in the second quarter data.
The Real Deal – LA Condo Sales Q2 2026 | Realtor.com – LA Rent Report 2026
