LA listing prices slip again

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Median listing prices in greater LA slipped again this week, down by $999 to $519,000, according to Housing Tracker’s weekly calculation of MLS listings. Inventory moved slighly higher, to 46,252 homes for sale.

Median listing prices have now slipped $26,000 since this blog launched in mid-April; listing prices are 8.1% below year-ago levels, and have declined 5.5% in the past six months.

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)
8/13 $529,000 44,483 (Up 13.6% y/y)
9/10 $520,000 46,414 (Up 16.9% y/y)
9/24 $519,000 46,252 (Up 14.6% y/y)

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Photo Credit: Reuters