More homes hit the market, but buyers still aren't seeing more choices
More Los Angeles homeowners decided to list their homes over the past year, but the number of homes available for sale actually fell compared to a year ago. At the same time, prices edged lower while the pace of home sales changed very little.
Demand holds steady despite affordability challenges
The Los Angeles housing market looked a lot like it did a year ago. Home sales totaled 4,502, down just 0.3%, while the typical home spent 52 days on the market, the same as last year.
That suggests buyers are still out there, but many remain selective. High home prices and mortgage rates continue to make affordability a challenge, especially for first-time buyers. While those hurdles kept some shoppers on the sidelines, demand was steady enough to keep the market moving.
More sellers jump in, but inventory gets tighter
One of the more surprising trends was that more homes came up for sale in July, yet buyers ended up with fewer options overall.
New listings rose 5.2% from a year ago to 7,373 homes, showing that more homeowners were listing their homes for sale. However, total inventory fell 1.6% to 20,584 homes, and months of supply slipped slightly by 1% to 5.1 months.
New homes were coming to market, but they weren't staying long enough to boost overall inventory.
For buyers hoping for more negotiating power, there wasn't much change. Homes sold at roughly the same pace as last year, and supply remained relatively tight.
View the latest homes for sale in Los Angeles.
Prices dip, but Los Angeles is still expensive
The median home sale price slipped 1.2% from a year ago to $925,000, a decline of $11,500.
For buyers, that's a small step in the right direction, but it's not the kind of drop that dramatically changes affordability. Instead, it appears that prices are leveling off as buyers push back against higher monthly housing costs.
Even with the modest decline, Los Angeles remains the country’s fourth most expensive housing market. Limited inventory and steady buyer demand continue to support home values, helping prevent larger price declines despite a more cautious market.
Los Angeles Sale Prices
The median home sale price in Los Angeles decreased by 1.2% compared to the same time last year, while the national median price rose by 2.6%.
Los Angeles ranks 35th for annual median price change among the top 40 US markets
Los Angeles median home prices decreased by $11,500 year over year on a nominal basis in July to $925,000. Meanwhile, the national median home price increased by $10,000 to $400,000.
Los Angeles' median home price is above the nation's
Los Angeles was the fourth highest-priced housing market among the top 40 largest markets last month. The Los Angeles median home price of $925,000 was 131.3% above the national median home price. Los Angeles' median home price in July compares to the market's peak of $950,000 recorded in June of 2026.
Los Angeles single-family prices increase
The median price of Los Angeles single-family homes rose by $4,600 over the past year to $1,056,500, while the median townhome price grew by 3.7%, and the median condo price fell by 2.4%.
Los Angeles Inventory
The number of homes for sale in Los Angeles decreased by 1.6% in July compared to the same time last year, while national homes for sale rose by 4.4%.
Los Angeles' inventory of homes for sale decreases
Los Angeles homes for sale fell by 334 year over year in July to 20,584 homes for sale. Los Angeles ranked 29th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in July.
Los Angeles homes for sale are below their pre-pandemic levels
Los Angeles homes for sale were below their pre-pandemic levels in the month of July. Los Angeles homes for sale were 13.3% below the July 2019 total of 23,750.
Los Angeles single-family inventory decreases
Los Angeles single-family homes for sale decreased by 4.6% to 13,308 in July. In comparison, townhomes for sale rose by 1.4% to 1,634, and condos for sale increased by 5.2% to 5,642.
Los Angeles Home Sales
The number of home sales in Los Angeles decreased by 0.3% in July compared to the same time last year, while national home sales rose by 2.9%.
Los Angeles home sales decrease
Los Angeles home sales declined by 13 year over year on a nominal basis in July to 4,502. For context, 4,515 sales closed in Los Angeles in July 2025.
Los Angeles' annual home sales activity change ranks 28th nationally
Los Angeles ranked 28th for the annual change in home sales out of the top 40 U.S. markets in July on a percentage basis. This year's July decrease of 0.3% compares to the 0.7% year over year decrease in July 2025.
Single-family sales in Los Angeles are lower than a year ago
Los Angeles single-family sales decreased by 4.9% in July to 3,162. In comparison, townhome sales rose by 23.6% to 388, and condo sales rose by 8.6% to 952.
For questions and commentary about this report:
Catherine Yeh, Director of Market Analytics at CoStar and Homes.com, based in Los Angeles, is available for interviews to provide expert insights on this data and the broader residential real estate market.
Catherine Yeh
Director of Market Analytics
Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Los Angeles during July 2026.
For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.
Definition of Sale Prices
Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Inventory
Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
Definition of Home Sales
The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.
About the Homes.com Market Analytics Team
The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.
About Homes.com Analytics Data
The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.
The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.