It continues to be a struggle for potential buyers to find condos in Los Angeles.

In April, it was reported that condo inventory was down 31 percent year-over-year in Downtown LA. The same remains true today as The Mark Company, which shares insights on urban residential sales, showed that little has changed in four months and inventory actually continues to decline. 

In August, just 400 new condos were available downtown (versus 442 in April), while prices were up 9 percent. Only two developments — Metropolis Towers I & II and Ten50 — are selling more than 20 units at the moment. Both are moving condos for much higher prices than the $802 per square foot average in August.

 As a result of the low availability and high prices for new builds, resale condos are seeing a surge. Prices are up 22 percent year-over-year (to $667 per square foot) in August, and total sales (40) showed a 33 percent increase since August 2016.