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 August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was up nearly 150% from one year earlier, and up 25% 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 1.3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 73%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 900-thousand dollars. The number of units sold decreased 50% year-over-year, and decreased 50% 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.