Listing prices now 105K below peak
This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.
Median listing prices in greater Los Angeles slipped another $3,000 over the past week, and are now running 13.5% below year-ago levels, according to Housing Tracker’s analysis of MLS listings.
Highlights: Median listing prices dropped from $478,000 to $475,000; inventory of unsold homes and condos rose to 41,653, an increase of 36.7% over year-ago levels.
Date | Median listing price | y/y change | MLS inventory | y/y change |
4/06 | $579,666 | n/a | 27,251 | n/a |
4/07 | $545,000 | n/a | 35,489 | n/a |
5/07 | $545,000 | n/a | 38,297 | n/a |
6/07 | $540,000 | n/a | 40,766 | +20.4% |
7/07 | $535,000 | n/a | 42,685 | +14.5% |
8/07 | $529,000 | n/a | 44,483 | +13.6% |
9/07 | $520,000 | n/a | 46,414 | +16.9% |
10/07 | $510,000 | n/a | 46,603 | +15.6% |
11/07 | $499,900 | n/a | 46,503 | +19.0% |
12/07 | $495,000 | -10.0% | 43,174 | +28.2% |
1/08 | $480,000 | -12.6% | 41,122 | +34.9% |
2/04/08 | $475,000 | -13.5% | 41,653 | +36.7% |
Thoughts? Comments? E-mail story tips to peter.viles@latimes.com