Welcome to your monthly "Market Update". Let's take a look at residential Real-Estate activity in Zip Code 91016 during the month of July.
The number of active listings was down 34% from one year earlier and down 2% from the previous month.
As you can see, the median listing price for the month... was just under $550K.
Compared to last year, the average number of days units spent on the market before being sold was down 32%. This lower number of days may signal a positive trend in the local inventory-turnover rate.
Meanwhile, The median sale price was over $550-thousand dollars.
Overall, The number of units sold decreased 14% year-over-year and Increased 28% month-over-month
Thanks for visiting us, we hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.