Sales in the 91934 zip code market rose to one home sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with zero price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Of course, as the number of sellers lowering their price trended lower, months of inventory continued to climb, hitting a two-and-a-half-month high at two months. The increase in sales and the low inventory drive home the fact that the 91934 zip code is a strong seller's market.
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