How long do homes take to sell in Los Angeles?

Homes in Los Angeles are taking about 50 days to sell right now. This is a bit longer than last year. Last year, homes sold about three days faster, on average. The median price for a home for sale is about $1,099,950, which hasn’t changed from the previous month. Compared to last year, prices are down 7.0%. There are currently 19,232 active listings, which is about the same as last year. Fewer new homes are coming on the market, down 2.9% from last year. Less than 1 in 5 homes, or 15.4%, have had a price reduction. This rate is slightly lower than last year. If you are selling, be prepared for your home to be on the market for around 50 days. Setting the right price from the start can help attract buyers quickly.