"In November, home prices fell moderately from the month before, with a median listing price of $1,215,000. The number of listings on the market shrank 4.0% from last month, which is a bigger decrease than normal for this time of the year in Los Angeles, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in Los Angeles tend to fall in November. And the most recent data shows that the price per square foot decreased by 0.2% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the City of Angels are smaller the national market."
"In November, there were 3,315 homes for sale in Los Angeles, which was 4.0% less than the month before and 15.4% more than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. Homes in Los Angeles take an average of 59 days to sell, according to November figures. This is one day more than the previous month and two days more than the same month last year."
Median listing price in Los Angeles was $1,215,000 in November, a moderate month-over-month decline. The number of listings fell 4.0% from the previous month, a larger-than-normal seasonal decrease, while inventory remained 15.4% higher than the same time last year with 3,315 homes for sale. Price per square foot decreased 0.2% month-over-month, less than the national decrease of 1.2%. Homes in Los Angeles averaged 59 days on market, one day longer than the previous month and two days longer than last year. Nationally, active inventory fell 2.5% and homes averaged 64 days on market.
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