The Pico-Robertson market seems to be nearing a low, as the number of contracts executed fell to 14, the lowest levels since January. Meanwhile, sales came in at 33 homes sold over the last 30 days. In comparison, the South Los Angeles neighborhood had 112 contracts executed in the same time frame, the most of all close-by neighborhoods. Prices are falling in Pico-Robertson, and this period the median price of all sales fell from $923,500 to $922,000. There are only three months of inventory available in Pico-Robertson, so it's still seller's market, even with the shrinking contracts numbers.
Looking for a amazing deal on your next home? Take a look at these listings that recently had their prices slashed: