Real Estate License In Delaware
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Asking prices in Greater L.A. held steady over the last week as inventory continued to climb at a rate of 65 houses a day, according to Housing Tracker’s analysis of MLS listings, which we monitor here every week. Housing Tracker shows the median asking price at $539,000 this week. Inventory rose again, with an additional 471 homes listed, and now 42,530 are on the market.
Random fact: Since we started this blog in mid-April, inventory has spiked by 7,000 houses.
More on the numbers: The $539,000 median asking price represents a drop of 6.9% over the last year, and 0.2% over the last month. Inventory increased 5.1% in the last month and 19.0% over the last year.
Date Median Price 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 (up 24.6% y/y)
6/4 $540,000 40,458 (up 23.3% y/y)
6/11 $540,000 40,766 (up 20.4% y/y)
6/18 $539,000 41,324 (up 18.7% y/y)
6/25 $539,000 42,059 (up 19.3% y/y)
7/2 $539,000 42,530 (up 19.0% y/y)
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Photo Credit: Reuters