Southern California is a Real Estate Seller’s Market this Spring

San Pedro one of our local cities made it into this LA Times Article for Top Buyers Markets…

By Tim Logan | LA TIMES

As the busy spring real estate season gets into gear, sellers appear to have the upper hand across much of Southern California.

Open house in Venice

That’s the word from Zillow, the real estate data website that tracks housing markets nationwide. It released a report on the top 10 buyer’s and seller’s markets in the U.S. Wednesday morning, and Los Angeles made the list as the fourth-strongest market for sellers right now. Riverside ranked sixth.

A strong seller’s market, says Zillow, doesn’t necessarily mean its prices are soaring — and indeed median prices have been flat here in recent months — but rather quick sales, few price cuts, and homes selling at or above asking price. In buyer’s markets, sales are taking longer and price cuts are more common.

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One Response to “Southern California is a Real Estate Seller’s Market this Spring”

  1. The Inman Team Says:

    Thank you for the Re-blog!

    The Inman Team

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