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 up nearly 125% from one year earlier, and up 10% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 950-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The number of units sold was consistent year-over-year, and decreased 100% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.