The 90032 zip code market saw 18 homes go under contract and failed to break out of a confirmed downward trend. Along with that, total home sales fell to 28 over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are falling in the 90032 zip code, and this period the median price of all sales fell from $486,750 to $467,500. In spite of contracts trending lower, there are only two months of inventory available, which signals that the 90032 zip code is a still definite seller's market.
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