Sherman Oaks Real Estate Market Trends – January 2012

by Mario Acosta on January 27, 2012

in First-Time Home Buyers, How Much Is My Home Worth?, How's The Market, Market Trends, Sherman Oaks

Sherman Oaks Market Trends – 91423 Zip Code

Below is our summary showing this week’s market trends in Sherman Oaks.

Days on Market and Inventory

Days-on-Market for single family homes in the Sherman Oaks 91423 zip code is averaging 147 days across all price ranges.  There is a total of 139 properties currently for sale this week.  Inventory has fallen slightly but most of the dip is seasonal as many homeowners and brokers have held homes off the market during the Holidays.  We should start to see inventory grow slowly over the coming months as the spring and summer selling season approach.  There have been more sales of  home above $1 million — 11 sales, while under a million we have had — 5 sales.

Home Prices

Home prices in Sherman Oaks are at one of their lowest points since the collapse of the market during the summer 2007.  All trends are flat and show the market at an overall low point.  Together with historically low interest rates, this is truly a Buyer’s Market.

Checkout the latest Sherman Oaks real estate listings in 91423 zip code.

 

Sherman Oaks Home Search Sherman Oaks Home Values

Post by Mario Acosta

Mario has written 117 articles.

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