The statistics below cover home sales in the major Echo Park area of Los Angeles (90026) and are taken directly from the MLS.  They are for single family only and do not include condos, income property, and private sales.

There were 5 sales in the month of February, down from 13 in January and 12 in February '09.

The highest priced was $710,000 and the lowest $250,000.

The median sold price was $325,000, no change from January, but down from $460,000 in February '09.

The average percentage  of sold price vs listing prices was 106.98%, up from 96.12% in January and 86.22% in February '09.

The average days on the market was 56 down from 95 in January and 71 in February '09.

The rise in sales price over asking price and lowering of days on the market is a promising indicator.