With only 0.9 months of inventory, Los Angeles remains a seller's market. Home prices have increased 7.4% in the past month alone. With only 947 active listings, inventory is 76% lower than typical for this time of year. Homes are taking about 43 days to sell, which is 6 days longer than this time last year. Approximately 39.6% of homes sold above list price, indicating some competitive segments within the market. With an affordability index of 2.2, Los Angeles offers relatively good value compared to other major markets. Based on current market indicators, home prices in Los Angeles are projected to decrease by approximately 22.7% over the next month.