How’s The Market – Sherman Oaks Real Estate 91423

by Mario Acosta on July 13, 2011

in How's The Market, Market Trends

Sherman Oaks Real Estate Market Stats – 91423 Zip Code

Here is July’s report with the vital statistics for both buyers and sellers in the Sherman Oaks 91423 zip code.

As you can see from the report, the Average Days on Market has been falling since mid-March of this year.

The Median Price within the 91423 has been climbing since April.  The market has been sparked with many buyers recognizing the value in today’s market together with low interest rates and the upcoming changes to down payment requirements that  start in September.

Inventory numbers are still low, but there has been a slight seasonal increase as home owners have brought more homes to the market during the peak summer buying season.  It will be interesting to see if these inventory numbers continue to increase or fall back to their lows in the coming weeks.

The Market Action graph shows a slight increase in activity for Sherman Oaks homes from May’s low point.

 

 

 

Sherman Oaks Home Search Sherman Oaks Home Values

Post by Mario Acosta

Mario has written 117 articles.

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