Market Video

LA County mkt update

Los Angeles County, May’s market update:

Active Listings (inventory) down 12% from last year, and down 2% from the previous month.

Median asking price for the month:  $597,000

Average days on the market down 28% from 43 days in April 2017, to 31 days in April 2018.

Median SALES price:  $550,000

Number of units sold: down 1% from a year ago and down 9% from the previous month.

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Los Angeles County, officially the County of Los Angeles, is the most populous county in the United States, with more than 10 million inhabitants as of 2017. Its population is larger than that of 41 individual U.S. states. It has 88 incorporated cities and many unincorporated areas and at, it is larger than the combined areas of the U.S states of Delaware and Rhode Island.