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.
Echo Park home sales figures look very good for May. The number of homes sold was up 300% over April and the median price was up by 6%. Days on the market for homes sold were down 67% a significant drop over the previous month and homes under contract were up 255%. The months supply of inventory indicates a good market for sellers.
This was an extremely strong month for Echo Park homes sales and we will see how it fares in June. June may still be a good month as long as the California first-time home buyers tax credit funds stay solvent.
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Good morning Jane,
You are up way too late working on these great reports. Nice presentation!!