Inventory, listing prices flat

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Median listing prices in greater LA dipped, but barely, in the past week, and inventory held fairly steady as well, according to Housing Tracker’s analysis of MLS listings. Median listing prices dipped by $99, to $499,900; inventory rose by 15 homes, to 46,503.

An important note about inventory, though: It typically falls this time of year, so by holding steady it continues to buck normal trends -- LA-area inventory is running 19% ahead of year-ago levels.

Date Median Price Inventory
4/06 $579,666 27,251
4/07 $545,000 35,489
5/07 $545,000 38,297
6/07 $540,000 40,766 (up 20.4% y/y)
7/07 $535,000 42,685 (up 14.5% y/y)
8/07 $529,000 44,483 (up 13.6% y/y)
9/07 $520,000 46,414 (up 16.9% y/y)
10/07 $510,000 46,603 (up 15.6% y/y)
11/05/07 $499,999 46,488 (n/a)
11/12/07 $499,900 46,503 (Up 19.0% y/y)

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Photo Credit: Reuters