Los Angeles has mostly recovered from the last collapse, and values have stabilized significantly. People often want these properties, but are unwilling to pay full value for them, due to their high price tags.
Not everyone can afford to mortgage a home in Los Angeles, and because of that, it generally takes about 90 days for a home to sell.
About 10.1% of listings sell at a price cut. Only 5% of homes are selling below their previous selling price, which is a good indicator that the market will remain stable.
Most homeowners in Los Angeles find the right buyer in a reasonable period of time. If you’ve been waiting or you know your home isn't going to sell, it might be time to consider selling without a realtor.