Tracking L.A. County listing prices
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Housing Tracker reports that as of Feb. 23 the median listing price in Los Angeles County was $369,000 -- the same level as last month and down 21.9% from a year ago. That’s a far cry from the April 2006 asking price of $579,666.
Although that’s the highest median asking price they have listed for now, there’s no way to tell if that was the bubble peak. A note titled ‘to do’ on the site indicates that they’ll be extending the data back to August 2005 at some point.
The inventory of for-sale homes continued to drop, falling 22.5% year over year to 37,418 -- down 1.1% from the previous month.
Here’s the weekly tracking:
Last 5 Weeks for Los Angeles Week ofSFH+Condo Inventory25th PercentileMedian75th Percentile 2009-02-23 37,418 $250,000 $369,000 $629,000 2009-02-16 37,103 $250,000 $369,500 $625,000 2009-02-09 37,266 $250,000 $369,000 $622,110 2009-02-02 37,112 $254,900 $369,000 $614,900 2009-01-31 37,816 $254,900 $369,000 $615,000
Nice to have you back after a several months break, HousingTracker.
-- Lauren Beale
Thoughts? Comments?
