Real Estate Market Update for
90048 (Los Angeles, CA)
Video: Real Estate Community Tour for 90048 (Los Angeles, CA)
See Real estate community tour for 90048 (Los Angeles, CA)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 67% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 1.35-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 83%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 570-thousand dollars. The number of units sold decreased 50% year-over-year, and held steady month-over-month. Even though sales figures were down from a year ago, the recent local market conditions were basically unchanged. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.