Listing Prices in LA down $9,000 this week, to $400k
California, LA Land, Los Angeles, New Listing, Pricing, Real Estate, Sold | (0)
Our buddies over at the LA Times, L.A. Land blog posted their weekly update of newly listed home prices.Numbers: Median listing prices, at $400,000, have fallen 23.8% in the past year, and are now 31% below their bubble peak of $579,666, reached in April 2006. Inventory of for-sale homes and condos was essentially flat, dropping 50 units in the week, to 42,081, and is running 8.6% below year-ago levels. Note: Median listing prices in L.A. County now match median sales prices, which MDA DataQuick reported at $400,000 for July. Sales prices have been falling faster than listing ...
