L.A. inventory, listing prices flat

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Median listing prices and inventory of for-sale homes in greater Los Angeles were essentially flat over the past week, according to Housing Tracker’s weekly analysis of MLS listings.

Highlights:

--Median listing prices were unchanged over the past week at $450,000, a decline of 17.4% from year-ago levels.
--Inventory of homes and condos for sale increased by two properties to 42,430, an increase of 16.7% from year-ago levels. A year ago, inventory was building rapidly; this year it has been flat to slightly lower since February.

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)
2/08 $475,000 (down 13.5%) 43,625 (Up 38.3%)
3/08 $464,900 (down 15.5%) 42,098 (Up 31.4%)
3/31/08 $459,900 (down 16.2%) 42,038 (Up 27.6%)
4/7/08 $455,000 (down 16.7%) 42,482 (Up 23.3%)
4/14/08 $450,000 (down 17.4%) 42,428 (Up 19.6%)
4/21/08 $450,000 (down 17.4%) 42,430 (up 16.7%)

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