Good morning, happy Laker fans! Or at least that's what I read - I'm kind of a sports nut, but I haven't really watched pro basketball much for 15-20 years. I know, that will probably get me run out of the state if I don't keep my mouth shut. Let's get to the numbers:
Active Listings: 79
Contingent Listings: 44
Pending Listings: 67 (35.3% of the inventory)
Price changes for the past week: 2 (1.6%)
Click here for the up to date price per square foot chart.
The recent trends of lower inventory and higher pending units continues this week, although at a slightly slower pace. Despite the fact that we saw 13 new listings come on the market last week, which seems kind of high (I think I'll start tracking that), we dropped a couple of active listings as existing inventory continues to be snapped up. We have 5.3 months of inventory on the market this morning.
Later this week I'm going to update the condo market.
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