Los Angeles Area Home Sales Increased 1% YoY in April, Inventory up 10% YoY

From Pacific Union chief economist Selma Hepp: Spring has finally sprung in Los Angeles housing markets After doldrum housing market activity in Los Angeles through the first quarter of 2019, April has finally brought some cheer. Number of homes sold compared to last year increased 1 percent overall , mostly driven by increases in sales of homes priced between $1 and $2 million (up 8 percent), and sales of homes priced below $1 million (up 2 percent). Higher priced homes (above $2 million) continue to trend below last year's levels, but are still ahead compared to 2017 and 2016. .........(read more)

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