Median listing prices down $110K from peak

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Median listing prices in greater L.A. dipped another $5,000 over the past week, to $470,000, and have now fallen $110,000 from their April 2006 peak, according to Housing Tracker’s weekly analysis of MLS listings.

Headlines: Median listing prices have now fallen 18.9% since their peak, and 14.5% over the past year.

Inventory of unsold houses and condos fell from week to week, to 41,830, but is running 32.3% ahead of year-ago levels.

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)
1/08 $479,900 (down 12.6%) 40,850 (up 33.3% y/y)
2/4/08 $475,000 (down 13.5%) 41,653 (Up 36.7%)
2/11/08 $475,000 (down 13.5%) 43,625 (Up 38.3%)
2/18/08 $470,000 (down 14.5%) 41,830 (Up 32.3%)

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