LA asking prices slip again

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The median listing price of a home in greater LA fell by $5,000 in the past week, to $530,000, as inventory continued to pile up on the market, according to HousingTracker’s analysis of MLS listings, which we track here every week.

The dip in asking prices confirms a clear trend: overall, listing prices are slipping slightly in Los Angeles -- they’re down 1.7% over the past month, and 7.8% since this time last year. Inventory spiked by 451 listings in the past week, and now stands at 43,676 -- up 3.8% over the past month, and 14.0% over the past 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)
7/30 $530,000 43,676 (Up 14.0% y/y)

Photo Credit: LA Times