Over the last 30 days, two homes were sold in the Los Cerritos Area market, up 100.0%. However, the market is still in a persistent downward trend overall. The median sales price rose dramatically to $558,500, up from last week's $392,000. Even after the uptick in sales, an elevated 14 months of inventory tells us that Los Cerritos Area is still a definite buyer's market.
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