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Here's a good indicator...

Posted by Magic Dave on April 22, 2009 at 2:42 AM

In Reply to: Re: Shhh, has anyone noticed home prices posted by JK (the other JK) on April 15, 2009 at 6:25 AM

Take a look at the link below. Prices are still dropping in the greater LA area. However, it's interesting to note that inventory has DECREASED by 10% since last year. As for where this data comes from, I believe it's from the MLS...
"HousingTracker does not track home sale prices but rather home asking prices for select metropolitan areas. The asking (or list) price is the price that a seller is asking for their home, not necessarily the sale price they receive for their home. HousingTracker also keeps count of the housing inventory (i.e. the number of homes for sale) for the same metro areas."

http://www.housingtracker.net/old_housingtracker/location/California/LosAngeles/

PS - It's good to be back on this forum with you all after several years off!


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