The 92130 zip code market slowed with a 3.6% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 64.5 monthly average with 53 homes sold. In comparison, the nearby 92128 zip code had 98 sales in the same time frame, the most of all neighboring zip codes. The median sales price of homes sold came in at $880,000, which extended a downward swing in price to four weeks. In spite of the falling prices, a low three months of inventory signals that the 92130 zip code is still a seller's market.
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