A six-week downward trend continued after the 92101 zip code market recorded 74 home sales over the last 30 days. Since the prior period, a record low 91 new listings came on, the fewest since January. During the same time frame, 92104 had the most of any other neighboring zip codes with 58 new listings. Furthermore, a six-week downward trend in sales is expected to continue over the coming weeks. The median sales price rose to $547,000 over the latest reporting period for the 92101 zip code, up from $512,500. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that the 92101 zip code is a definite seller's market.
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