Is Los Angeles inventory rising or falling?

In Los Angeles, the number of homes for sale, also called active listings or inventory, is slightly falling right now. This means there are a tiny bit fewer homes available compared to last year at this time. Specifically, the total number of active listings is 20,134. This figure is down by a small amount, 0.3%, compared to the same time last year. The number of brand new homes coming onto the market, called new listings, is also down slightly. There were 8,416 new listings, which is a 2.6% drop from last year. Even with fewer new homes arriving, the market is still seeing homes sit for an average of 53 days. This is the same amount of time as last year, showing things haven't sped up or slowed down for selling homes. For someone looking to buy a home, slightly fewer choices might mean you need to be ready to act when you find something you like. For sellers, fewer competing homes could be a small advantage.