There have been 42 homes sold in the 90049 zip code market over the last 30 days, continuing a four-week downward trend. Also during the same period, the number of new listings totaled 63, the fewest since April. In comparison, 91316 led all other nearby zip codes with 65 new listings. However, a six-week upward trend in price reductions is expected to continue over the coming weeks. While new listings numbers suggested otherwise, months of inventory is on a four-week upswing, this week hitting five months.
August 3, 2016