LA Homes For Sale: Another 1,000 Went on the Market This Week

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The number of homes for sale in Los Angeles spiked by nearly 1,000 over the past week, according to HousingTracker.net, which tracks MLS listings. Median asking prices were flat week-to-week at $545,000, and down 5.9% over the past 12 months.

The total number of listings ballooned from 36,348 to 37,338 -- that represents 33.0% more inventory than was on the market a year ago.

As we’ve reported here before, HousingTracker.net tracks MLS listings and monitors asking prices. True, we have no idea what these homes will eventually sell for, but this sample represents the entire universes of houses listed on the MLS -- not just the much smaller sample of those that sell in a given month, which is where median sales price comes from.