Should I move to Los Angeles?

The median listing price in Los Angeles right now is about $1.1 million, which is 7% lower than it was a year ago. Homes are taking a bit longer to sell, and there isn't a huge amount of new inventory hitting the market. If you're thinking about buying, the typical home in Los Angeles is listed for around $1,099,950. This price hasn't changed much in the most recent month but is down 7% compared to last year. This means you might find prices a little more favorable than they were a year ago. Homes are also staying on the market for an average of 50 days, which is a little longer than last year. About 15.4% of homes have also lowered their prices, which could mean some room for negotiation. There are 19,232 homes actively for sale, but the number of *new* homes coming onto the market is down slightly by 2.9% compared to last year. This suggests that while there are homes to choose from, fewer new options are appearing. Overall, with prices slightly down and homes taking a bit longer to sell, you might have a bit more breathing room as a buyer. Keep these trends in mind as you explore your options in Los Angeles.