On June 20, 20176, California Association of Realtors (C.A.R) reported that homes values increased 1.3% at an average price of $488,720 in May of 2017 from $482,420 in April of 2017, and gained 4.2% from price of $469,090 in May of 2016. While, homes sales rose 21.4% in May of 2017, from April of 2017, and higher 6.9% from May of 2016 in Los Angeles Metro, California.
There were 3.2 months supplies of available inventory of homes in May of 2017, lower from 3.7 months in April of 2017, and down from 3.8 months in May of 2016. An average it took 24.5 days to sell a home in May of 2017, declined from 29.0 days in April of 2017, and fell from 45.0 days in May of 2016 in Los Angeles Metro, California.
For complete more detailed information about the California Association of Realtors’ May of 2017 Los Angeles Metro, California homes sales and value report, please CLICK HERE
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