The Los Angeles housing market is showing balanced conditions with stable prices and moderate inventory levels. Home prices have decreased 2.5% in the past month. With 4.5 months of supply, Los Angeles's inventory levels remain relatively tight. Homes are now taking an average of 75 days to sell, significantly longer than the 49 days typical for this market. A significant 20.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.8% of homes sold above list price, indicating some competitive segments within the market. With an affordability index of 2.1, 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 25.1% over the next month.