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Los Angeles Metro, California Homes Sales And Values Report May 2017

By
Industry Observer CDRE #01044712

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

Posted by

John Pusa

Better way to buy and sell real estate

Office (818) 441-8881

Mobile (818) 441-8881

Comments (6)

Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Up, up , up the prices go. Where they stop, nobody knows. Have a great evening, John.

Jun 22, 2017 05:56 PM
LLoyd Nichols
Premier Florida Realty of SWFL - Fort Myers, FL
Southwest Florida Homes By The Sea

Healthy gain John Pusa. Up 4.2% from last year in May is strong.  Nice and steady is probably best. 

Jun 22, 2017 08:40 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

John yes prices are heading higher and higher due to lack of inventory and an over abundance of buyers, Endre

Jun 22, 2017 11:57 PM
John Pusa
Glendale, CA

Debbie Reynolds I agree, real estate prices going up. Thanks for the comment.

Jun 23, 2017 02:47 PM
John Pusa
Glendale, CA

LLoyd Nichols Yes 4.2% is a healthy gain within a year. Thanks for the comment.

Jun 23, 2017 02:48 PM
John Pusa
Glendale, CA

Endre Barath, Jr. You are right, limited inventory and excessive buyers pushing the prices higher. Thanks for the comment.

Jun 23, 2017 02:50 PM