Is Los Angeles inventory rising or falling?

For the Los Angeles area, the number of homes for sale has gone up a little bit compared to last year. There are now 18,523 active listings, which is a 2.0% increase from a year ago. Even though more homes are on the market, fewer new homes are being listed for sale. This May, 8,804 new listings came on the market, which is 4.2% fewer than last year. This means that while there are more choices overall, fewer brand-new options are appearing. Homes are also staying on the market a bit longer than before. The median days on market is now 47 days, up 4.4% from last year, suggesting that homes aren't selling as quickly as they used to. When you