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 September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was stable from one year earlier, and down 14% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just over 1.45-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 2%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 850-thousand dollars. The number of units sold increased 25% year-over-year, and increased 100% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.