Market Intelligence Report — CA-080

Los Angeles, CA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-CA-09
As of the latest 2026 data
Cooling

Median Listing

$1.03M
-5.9% YoY

Pending Ratio

0.33
-5.7% YoY

Active Inventory

20,130
+4.2% YoY

Median DOM

55 Days
-3.5% YoY

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The Los Angeles-Long Beach-Anaheim metropolitan area is currently experiencing a Cooling market condition, characterized by a pending ratio of 0.33, indicating that demand absorption is not keeping pace with available inventory. This is further evidenced by a 5.7% year-over-year decline in the pending ratio, alongside a 4.2% year-over-year increase in active listings.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.8%-1.0 pp YoY

Unemployment rate · Aug 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

12.84M-0.5% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

3,183+33.2% YoY

Building permits (private housing units) · Aug 2026

Shows whether future inventory pressure may increase.

U.S. Census Bureau building permits via FRED (St. Louis Fed).

Market Analysis

What's moving the Los Angeles market right now.

Active listings have expanded by 4.2% over the past year, contributing to an increased supply environment, despite a modest 1.9% year-over-year decrease in new listings. The median listing price has seen a 5.9% year-over-year contraction, with the median price per square foot also declining by 2.8% over the same period. The pending ratio currently stands at 0.33, representing a significant year-over-year decline of 5.7 percentage points, suggesting a deceleration in the pace of transactions.

Westside resets while east-side hillside enclaves stay competitive.

Historical Analysis

Market Trends

Median Price

$1.03M-1.5% MoM

Active Inventory

20,130+4.2% YoY

Days on Market

55-3.5% YoY

Sold Score™

52-5.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

52
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With the pending ratio at 0.33 and active listings expanding, the current market dynamic indicates less pressure on available inventory. This slower absorption rate suggests that prospective buyers may encounter more options and potentially longer marketing periods for properties, influencing price discipline. Properties are taking longer to move from listing to contract, impacting the overall pace of sales.

Luxury Segment

The average listing price has declined by 3.0% year-over-year, alongside a 2.8% year-over-year decrease in the median price per square foot. The substantial spread between the average listing price ($2,195,231) and the median listing price ($1,034,500) suggests potential softness at the higher end of the market segment.

Supply Dynamics

20,130 active listings represent the current floor, with new supply arriving at roughly 7,762 per month.

Pricing Pressure
17.1%

of active listings carry a price reduction, +1.9% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved -2.8% year-over-year.

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Los Angeles, CA? Buyer Demand Index is running at 33%.

Buyers have leverage in Los Angeles, CA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
33%
Median Days on Market
55 days
Inventory YoY
+4%

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Metro Demographics

MSA Population
12.9M
Metro Area
Los Angeles–Long Beach–Anaheim
CBSA Code
31080
State
CA

ZIPs in Los Angeles, CA

Sorted by active inventory · click a ZIP for its full report