With home sales skidding even with the median price up to a gravity-defying $583,000, it’s hard to believe the Los Angeles real estate market is stabilizing.
You might think that since home sales in Los Angeles are down 24.6% that prices would go down, but no, prices are up 4.6%.
Don’t fight the force. Just let the numbers tell their story.
December 19, 2006 by Realtor John Wake
If you enjoyed this article, please consider sharing it!
John Wake
Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.
Recent Videos
Phoenix Real Estate Market Situation February 2012 - STAT
McCormick Ranch Home on the Park - UNDER CONTRACT TO BUYER
Arizona Mortgage Market Update
Quick Look at Desert Ridge, Arizona
Weather report from Scottsdale Arizona
Thompson Peak Park in Grayhawk, Scottsdale AZ
Ultimate Phoenix Shadow Inventory Video
Arizona Shadow Inventory = 16 months (kinda)
Arizona Shadow Inventory of Foreclosures
Phoenix home sales HUGE
56 queries. 0.797 seconds.