Listing prices slip again
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Median listing prices in greater L.A. dipped over the past week by nearly $4,000, to $495,000, according to Housing Tracker, which tracks MLS listings and crunches the numbers once a week. Median prices are now down $50,000 since this blog began publishing in April.
Inventory slipped again -- by a thousand listings, but not as much as inventory usually drops this time of year, resulting in a widening year-over-year increase in inventory -- up 28.2% over year-ago levels.
Date Median Price I 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)
11/07 $499,900 46,503 (Up 19.0% y/y)
12/10/07 $498,900 44,175 (Up 27.5% y/y)
12/17/07 $495,000 (down 10.0% y/y) 43,174 (Up 28.2% y/y)
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