In this September 2025 Los Angeles real estate market update, I’m walking you through what I’m seeing after what’s being called the slowest summer housing market in recorded history. Homes are sitting longer, buyers are hesitant, and we ended August with nearly 1,500 fewer homes for sale in Los Angeles County compared to the prior month. The big question I’m tackling is the one I’m getting nonstop right now: are we at the bottom—or is this just the beginning of another shift? I break down the data in a way that’s actually useful if you’re making a decision in the next 30–90 days: total homes for sale and how that compares to last year, average days on market, how many homes are going under contract (real demand, not just headlines), and the price reductions that tell you exactly how motivated sellers are. I also drill into neighborhood-level stats for Toluca Lake, Studio City, Sherman Oaks, Encino, Santa Monica, Brentwood, and Beverly Hills so you can see how different pockets of LA are behaving. If you want a customized monthly snapshot for your specific home and neighborhood, I link the tools I use so you can track your value and activity without guessing.