Is now a good time to sell my home in Los Angeles?

There are fewer new homes coming on the market, but homes are also taking a bit longer to sell. The typical home is selling for less than it was last year. \ year, but prices are mostly holding steady from last month. New listings are down 4.2% from last year. This means fewer homeowners are putting their houses up for sale in \ Los Angeles right now. There are 18,523 active listings, which is up 2% from last year, meaning there are more homes \ to choose from overall. Homes are staying on the market longer, taking 47 days to sell. That's 4.4% more time than last year. The number of homes with price \ reductions is 14.3%, which is a small drop of 1.4% from last year. The median listing price is $1,100,000, which is down 8.0% from last year. This means homes are listed for less money than \ they were 12 months ago. However, prices are up just 0.1% from last month, so they are mostly flat over the last 30 days. Right now, expect fewer new homes to be listed, and that your home might take a bit longer to sell compared to last \ year. Setting a competitive price from the start will be helpful.