The Los Angeles housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have increased 4.4% in the past month alone. With 3.0 months of supply, Los Angeles's inventory levels remain relatively tight. Homes are taking about 43 days to sell, which is 4 days longer than this time last year. A significant 24.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 35.9% of homes sold above list price, indicating some competitive segments within the market. With an affordability index of 1.6, Los Angeles offers relatively good value compared to other major markets. Based on current market indicators, home prices in Los Angeles are projected to increase by approximately 41.5% over the next month.