Should I move to Los Angeles?

Deciding whether to move to Los Angeles depends on what you're looking for. The median listing price for a home is $1,100,000, which has stayed about the same over the last month but is 8.0% lower than last year. You'll find a good number of homes for sale right now, with 18,523 active listings. This is 2.0% more than a year ago, so there's a bit more to choose from. However, fewer new homes are coming onto the market, down 4.2% from last year with 8,804 new listings. Homes are also taking a bit longer to sell, sitting on the market for a median of 47 days, which is about 4.4% longer than last year. About 14.3% of homes have had their prices lowered. This is slightly less than last year, when 1.4% more homes saw price reductions. For someone thinking about moving to Los Angeles, it's important to know that homes are expensive, but prices have dropped a bit from last year. You might have more options, but be prepared for a competitive market where homes are taking a little longer to sell.