The South Park market hit a low, with a record low three homes sold in the last 30 days. Sales showed a 25.0% drop from the prior period, returning to a low not seen since January. In comparison, the South Los Angeles neighborhood had 126 sales in the same time frame, the most of all close-by neighborhoods. Furthermore, a six-week upward trend in price reductions is expected to come to an end over the coming weeks. The median sales price rose to $588,000, up from last week's $553,750. A downturn in sales, coupled with the availability of 21 months of inventory, prove that South Park is a definite buyer's market.
If you are curious about inexpensive homes in South Park, start off by checking out these great listings: