On September 17, 2019, California Association of Realtors (C.A.R) reported that homes values decreased 0.9% to an average price of $545,000 in August of 2019 from an average price of $550,000 in July of 2019, but higher 3.8% from $525,000 in August of 2018. While, homes sales dropped 1.8% in August of 2019 from July of 2019, and down 1.1% from August of 2018, in Los Angeles Metro, California.
There were 3.4 months supplies of available inventory of single family homes in August of 2019, declined from 3.5 months in July of 2019, and lower from 3.6 months in August of 2018. An average it took 27.0 days to sell a single family home in August 2019, up from 26.0 days in July of 2019, and gained from 25.0 days in August of 2018 in Los Angeles Metro, California.
For complete more detailed information about the California Association of Realtors’ August of 2019 in Los Angeles Metro, California homes sales and value report, please click HERE