Continues to be a Buyers' Market - Sales volume in LA drop by 48% from last year
The sales volume in December/2007 dropped 47.8% from a year ago to 4,430. Median sales price of $470,000 represents a sharp decrease of 5.8% from November median - that's also a 14.5% from the August peak of $550,000.
It appears that living in Downtown will continue to become more affordable with each passing day. We look forward to seeing how this continued correction affects home prices this summer.
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Date: Wednesday, January, 16th 2008 @ 07:16:45 PMViews: 879
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