Tuesday Morning: LA Asking Prices Finally Slip -- Down $5,000 This Week

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Good morning. Asking prices in greater LA have finally slipped in the past week -- according to Housing Tracker’s analysis of MLS listings, which we monitor here every week. Housing Tracker shows median asking price down from $545,000 last week to $540,000 this week. Median asking prices had held steady at $545,000 since mid-April, when we launched this blog. Inventory jumped again, with another 841 homes listed, and now 39,941 on the market.

More on the numbers: The $540,000 median asking price represents a drop of 6.7% over the past year, and 0.9% over the past month. Inventory of 39,941 represents a gain of 7% in the past month and 24.6% over the past year.

Date MedianPrice Inventory

4/16 $545,000 35,489
4/23 $545,000 36,348
4/30 $545,000 37,338
5/07 $545,000 37,511
5/14 $545,000 38,297
5/21 $545,000 39,100
5/28 $540,000 39,941

Comments? Analysis? Let Loose.