The Echo Park Los Angeles Housing Market statistics below are taken from the MLS CLAW and are for single family home only. They do not include condos, income property or private sales.
Surprisingly the figures for Echo Park home sales are not as strong as one would have thought given that April saw the end of the federal home buyers tax credit. The number of homes sold was flat and the median price was down and the days on the market were up quite significantly over the previous month. Also the months supply of inventory increased.
May will be an interesting month with the holdovers from April's tax credit and the California tax credit kicking in.
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Very detailed report, I do appreciate you sharing your market area report with us.
I have to agree with Anthony, very detailed and full of information, thanks for the info!
VB ;-)
Anthony, thanks for dropping by.
Robert, thanks to you too.