The multiple listing service's 24 hour market watch reports WAY MORE sales than listings. Perhaps that's because it's the end of the month and more transactions close then than at other times of the month. Still, it's the first time I've seen this in years. The cumulative backup offers and pendings are higher than listings, too. Here are the numbers for the last day:
New Listing (675)
Price Change (388)
Back On Market (480)
Backup Offer (381)
Expired (123)
Pending (494)
Sold (898)
If you're a seller, now may be the time to list your home. If you're a buyer, it looks as though inventory will be short for the remainder of the summer.
Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
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