Median listing price at $499K
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Median listing prices in greater LA slipped ever so slightly in the past week, to $499,000, as inventory continued to run well ahead of year-ago levels, according to Housing Tracker’s analysis of MLS listings.
Highlights:
--Median listing prices have been fairly flat for a month, dropping only $1,000 since October 29th. The median listing price for greater LA is 9.3% below year-ago levels.
--Inventory of unsold houses is now dropping -- as it tends to do this time of year -- but is now 21.6% ahead of last year’s 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)
11/12/07 $499,900 46,503 (Up 19.0% y/y)
11/26/07 $499,000 45,911 (Up 21.6% y/y)
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Photo Credit: LATimes