Los Angeles, CA
Monthly housing intelligence, market trends, and trusted local expertise.
Updated: April 2026
The Los Angeles-Long Beach-Anaheim market is exhibiting cooling conditions, evidenced by a pending ratio of 0.41. Active listings have increased by 6.8% year-over-year, contributing to more choices for demand that is not keeping pace.
The market is experiencing a deceleration in demand absorption, with the pending ratio at 0.41 and a year-over-year decline of 3.7%. While new listings have slightly decreased by 3.3% year-over-year, active listings have expanded by 6.8%, indicating a growing inventory. Median listing prices have seen an 8.1% year-over-year decline to $1,098,500, with median days on market rising by 4.6% to 46 days, suggesting property absorption is slowing.
Westside resets while east-side hillside enclaves stay competitive.
Market Signals & Indicators
The current market dynamics suggest a weakening of urgency in demand, with a pending ratio of 0.41 reflecting a more moderate pace of transactions. The increase in active listings gives demand more options, reducing pressure for rapid decisions. This environment necessitates greater price discipline from sellers.
The average listing price has declined by 8.8% year-over-year to $2,284,429, outpacing the 8.1% decline in the median listing price. This widening spread, in conjunction with a 3.3% year-over-year decrease in median $/sqft, suggests particular softness within the higher-priced segments of the market.
17,489 active listings represent the current floor, with new supply arriving at roughly 9,142 per month.
of active listings carry a price reduction, -1.1% from prior period.
Median price per square foot has moved -3.3% year-over-year.
Pending-to-active ratio — Cooling.