L.A. asking prices steady

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Asking prices in Greater L.A. held steady for the second week in a row, as inventory continued to mount, according to Housing Tracker’s analysis of MLS listings, which we monitor here every week. Housing Tracker shows the median asking price steady at $535,000 this week. Inventory climbed by 540 houses, with 43,225 now on the market.

More on the numbers: The $535,000 median asking price represents a drop of 7.0% over the last year and 0.7% over the last month. Inventory increased 2.8% in the last month and 14.5% 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)
7/9 $535,000 42,517 (up 17.2% y/y)
7/16 $535,000 42,685 (up 14.5% y/y)
7/23 $535,000 43,225 (Up 14.5% y/y)

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Photo Credit: Reuters