On September 18, 2017, California Association of Realtors (C.A.R) reported that homes values declined 1.7% to the price of $499,970 in August of 2017 from price of $508,810 in July of 2017, but jumped 5.6% from price of $473,300 in August of 2016. While, homes sales rose 11.5% in August of 2017 from July of 2017, and up 4.4% from August of 2016 in Los Angeles Metro Area, California.
There were 3.1 months supplies of available inventory of homes in August of 2017 decreased from 3.7 months in July of 2017, and dropped from 4.1 months in August of 2016. An average it took 22.0 days to sell a home in August 2017, higher from 20.0 days in July of 2017, but fell from 44.0 days in August of 2016 in Los Angeles Metro Area, California.
For complete more detailed information about the California Association of Realtors’ August of 2017 Los Angeles Metro Area, California single family homes sales and value report, please CLICK HERE
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