Is 112 days a local Los Angeles signal or just listing variation?

[miro_roofs]

A small update to my November 2024 tracking has raised a bigger question. The Los Angeles apartments in my sample, all marketed between $1,140,000 and $1,710,000, are now sitting at roughly 112 days.

It is a deliberately narrow group, so I am hesitant to read it as a citywide shift. Still, I wonder whether the timing of price cuts, tighter buyer financing or an increase in competing listings is affecting this segment. What evidence would persuade you that expectations should change rather than writing the figure off as a few slow properties?

 

[mina_details]

I would not call it a market change from active listings alone. A 112-day marketing period can be heavily influenced by a few ambitious sellers. Recent completed sales matter more: did comparable units sell after similar exposure, and were reductions needed before they moved? That would separate stale pricing from weakening demand.

 

[nia_sage]

How narrow are the neighbourhood boundaries, and are the apartments genuinely comparable in condition? In Los Angeles, widening the map slightly could mix very different buyer pools. Renovated and dated units can also behave like separate markets even when their asking prices overlap.

 

[GoodSignal]

I partly disagree with grace_peterson. Active-listing age can be an early signal precisely because completed sales look backward. But it needs support from new-listing volume and withdrawn stock. If supply is accumulating while older units remain available, that is more meaningful than several overpriced properties simply sitting.

 

[GoodSignal]

A follow-up thought: note when price cuts occur, not only whether they occur. An early reduction may show a motivated seller responding to feedback; repeated late cuts suggest the original asking price was never realistic. Withdrawals also need interpretation, since removing a unit does not establish that demand absorbed it.

 

[nia_sage]

Buyer financing could complicate the comparison too. Two similar apartments may attract different pools depending on monthly ownership costs and property condition, so asking price alone may not define the segment. I would want to know whether the completed deals and current listings appeal to similarly financed buyers before reading 112 days as a trend.

 

[liv_compares]

I’d build a simple property-by-property timeline: first listing date, initial price, each reduction, withdrawal or completion, and condition notes. Then group only by tight neighbourhood boundaries. If long exposure appears across several comparable properties with different sellers, the case for a local shift becomes stronger; if it clusters around dated or unreduced units, variation is the likelier answer.

 

[ari_grove]

At this stage, “possible early change, not confirmed” seems the fairest reading. Keep the narrow sample, but compare it with recent completed sales and the flow of new and withdrawn listings. Seller motivation is the missing qualitative piece: 112 days means something different for owners willing to wait than for those who must transact. Another November snapshot later in the marketing cycle should make the pattern clearer.