Listing prices slip by $2,500

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Median listing prices in Greater L.A. resumed their downward march over the past week, dropping by $2,500, according to Housing Tracker’s weekly analysis of MLS listings.

Numbers: Median listing prices fell to $446,500, down from $449,000 a week ago, and down 17.3% from year-ago levels. Inventory of for-sale houses and condos slipped to 42,458, which is 4.9% above year-ago levels.

Date Median listing price Inventory

4/06 $579,666 27,251
4/07 $545,000 35,489
5/07 $545,000 38,297
6/07 $540,000 40,766 (up 20.4% y/y)
7/07 $535,000 42,685 (up 14.5% y/y)
8/07 $529,000 44,483 (up 13.6% y/y)
9/07 $520,000 46,414 (up 16.9% y/y)
10/07 $510,000 46,603 (up 15.6% y/y)
11/07 $499,900 46,503 (up 19.0% y/y)
12/07 $495,000 (down 10.0% y/y) 43,174 (up 28.2% y/y)
1/08 $479,900 (down 12.6%) 40,850 (up 33.3% y/y)
2/08 $475,000 (down 13.5%) 43,625 (Up 38.3%)
3/08 $464,900 (down 15.5%) 42,098 (Up 31.4%)
4/08 $450,000 (down 17.4%) 42,430 (up 16.7%)
5/5/08 $450,000 (down 17.4%) 42,647 (up 13.7%)
5/12/08 $449,900 (down 17.4%) 42,532 (up 11.1%)
5/19/08 $449,000 (down 17.6%) 42,532 (up 8.8%)
5/26/08 $449,000 (down 16.9%) 42,518 (up 6.5%)
6/02/08 $446,500 (down 17.3%) 42,458 (up 4.9%)

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