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Listing prices, inventory flat over past week

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Median listing prices and inventory of homes for sale held nearly steady over the past week, according to Housing Tracker’s weekly analysis of MLS listing data.

Median listing prices dipped by $100, to $479,900, a decline of 12.6% from year-ago levels.
Inventory of homes and condos for sale dropped slightly, to 40,850, an increase of 33.3% from year-ago levels.

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Date Median listing 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)
11/07 $499,900 46,503 (up 19.0% y/y)
12/07 $495,000 (down 10.0% y/y) 43,174 (up 28.2% y/y)
1/14/08 $480,000 (down 12.6% y/y) 41,122 (up 34.9% y/y)
1/21/08 $479,900 (down 12.6% y/y) 40,850 (up 33.3% y/y)

Thoughts? Comments? E-mail story tips to peter.viles@latimes.com

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