Is Los Angeles inventory rising or falling?

Active listings in Los Angeles are rising compared to last year. Right now, there are 20,130 active listings available. The number of homes on the market has increased by 4.2% over the past year. This means there are more choices for buyers searching for a home in the area. However, fewer new homes are coming onto the market. New listings have dipped by 1.9% compared to last year, with 7,762 new homes listed in the most recent month. This could slow down the growth in overall inventory. Homes are also selling a bit faster than last year, spending 55 days on the market, which is 3.5% quicker than before. Even with more homes available, buyers are still making decisions relatively quickly. If you are looking to buy, the rising number of active listings gives you more options. However, keep in mind that homes are still selling at a decent pace.