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Elliman Report: Los Angeles Sales 4Q 2019
The quarter saw a reversal of recent established trends of falling sales and rising listing inventory. After declining year over year for six consecutive quarters, the number of sales rose 11.2% to 1,387, the highest fourthquarter total in sixteen years. Conversely, listing inventory fell 6.2% to 2,419 from the year-ago quarter after six straight quarters of gains resulting in a faster-paced market. Months of supply, the number of months to sell out all listing inventory at the current rate of sales, was 5.2 months, 16.1% faster than the same period last year. Despite the…
