Years ago it was hard to imagine iBuyers ever making headway in a city with older and more expensive homes. But this year Opendoor, Zillow and others went all in on L.A.
Largest drop in home sales activity occurring north of Highway 118
The local inventory of homes is down to 2.8 months
Disappearance of multiple offers will equate to more properly-priced homes
Single-family sales activity dips below 500 closings for the first time in nine months