The median list price for homes in Los Angeles is $1,600,000. Our Market Action Index (MAI) is at 42, which is slightly lower than last month's 43. This means the market is still very active but has cooled just a touch.
Inventory has increased to 1,321 homes available for sale. Despite this rise in inventory, we are still in a Seller's Market, which means there’s strong demand for homes. The market has hit a relative balance between the number of homes being sold and the number available. However, since inventory remains low, sellers still have the upper hand.