Median listing prices dip by $1K, to $409K

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Median listing prices in L.A. County dipped by $1,000 over the week ending Monday, to $409,000, as inventory of for-sale homes and condos continued to decrease, according to Housing Tracker’s weekly analysis of MLS listings.

Numbers: Median listing prices, at $409,000, are 22.1% below year-ago levels, and down 29.5% from the April 2006 peak of $579,666. Inventory, at 42,131, is down 6.7% from 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)
2/08 $475,000 (down 13.5%) 43,625 (up 38.3%)
3/08 $464,900 (down 15.5%) 42,098 (up 31.4%)
4/08 $450,000 (down 17.4%) 42,430 (up 16.7%)
5/08 $449,900 (down 17.4%) 42,532 (up 11.1%)
6/08 $440,000 (down 18.5%) 42,398 (up 4.0%)
7/08 $425,000 (down 20.6%) 44,636 (up 4.6%)
8/4/08 $419,000 (down 20.9%) 42,812 (down 2.7%)
8/11/08 $415,000 (down 21.6%) 42,612 (down 4.2%)
8/18/08 $410,000 (down 22.3%) 42,279 (down 5.1%)
8/25/08 $409,000 (down 22.1%) 42,131 (down 6.7%)

-- Peter Viles
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