Real Estate Market Report - Eagle Rock, Highland Park, Glassell Park, Atwater Village, & Mount Washington, October, 2008
By Keith Sorem
(Keller Williams Realty)
Market Index A market index of above 1.20 is a seller’s market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer’s market. The Market Index closed at 0.23, up nine points from last October’s 0.14 and up four points from September New Listings – Thirty-nine new listings compared to 94 October in 2007. Pending Ratio – 23 listings entered escrow, compared to 22 in September and 18 in 2007. Pending Ratio – Jumped to 0.59 from 0.23 in September, compared to 0.23 last October. Listing Inventory - Two-hundred-twenty-two, down seven from 227 listings, the fifth month in a row that inventory as dropped (327 listings in October of 2007). Units Sold - Twenty-nine listings sold, in September twenty-two homes sold. In 2007 twenty sold. Average Sale Price - $421,12...