L.A. listing prices dip $5K to $390K

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Median listing prices in Los Angeles County slipped $5,000 over the past week, to $390,000, according to Housing Tracker’s weekly analysis of MLS listings. Over the past year, median listing prices have fallen $120,000, or roughly $2,400 per week.

Inventory of homes and condos for sale was essentially flat, and continues to run behind 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%)
8/08 $410,000 (down 22.3%) 42,279 (down 5.1%)
9/08 $399,900 (down 23.1%) 42,553 (down 7.9%)
10/6/08 $399,000 (down 22.5%) 40,137 (down 13.2%)
10/13/08 $398,000 (down 22.0%) 40,093 (down 14.0%)
10/20/08 $395,000 (down 22.4%) 39,903 (down 15.4%)
10/27/08 $390,000 (down 22.0%) 39,892 (down 14.6%)

--Peter Viles

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