Real Estate Market Update for
90069 (West Hollywood, CA)
Video: Real Estate Community Tour for 90069 (West Hollywood, CA)
See Real estate community tour for 90069 (West Hollywood, 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 stable from one year earlier, and down 21% 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 850-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 750-thousand dollars. The number of units sold increased 100% year-over-year, and decreased 50% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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.