Is Los Angeles inventory rising or falling?

In Los Angeles, the total number of homes for sale is staying about the same compared to last year, but fewer new homes are being put on the market. This suggests a consistent, though not expanding, selection for buyers right now. While there are 19,232 active listings, which is a lot of homes, this number has barely changed over the past year, down just 0.9%. Sellers are also putting fewer new homes up for sale. In the most recent month, 9,166 new listings came on the market, which is nearly 3% less than the same time last year. This trend means that the overall supply of homes available isn't really growing. Even with a similar number of homes for sale, homes are sitting on the market a little longer. The typical home now stays on the market for 50 days, which is about 6% longer than last year. This could be because buyers are taking more time to decide. If you're looking to buy in Los Angeles right now, you'll find a similar number of homes available as last year. However, fewer homes are coming onto the market, so you might not see a huge influx of new choices. You also have a little more time to make a decision since homes are on the market longer.