L.A. listing prices slipping

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

The median listing price of a home in greater L.A. fell slightly in the past week, to $529,900, as inventory continued to pile up on the market, according to Housing Tracker’s analysis of MLS listings, which we track here every week.

The dip in asking prices -- although only by $100 -- confirms a clear trend: overall, listing prices are slipping in Los Angeles -- they’re down 7.5% since this time last year. Inventory spiked by 313 listings in the past week, and now stands at 43,989-- up 3.5% over the past month, and 14.1% over the past year.

Date Median Price Inventory
4/16 $545,000 35,489
5/14 $545,000 38,297
6/11 $540,000 40,766 (up 20.4% 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)
8/6 $529,900 43,989 (Up 14.1% y/y)

Comments? Thoughts? Insights? Email story tips to lalandblog@yahoo.com