The 90716 zip code market pulled back with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 4.2 monthly average with four homes sold. On the other hand, the close-by 90740 zip code registered 60 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $340,000 over the latest reporting period for the 90716 zip code, down from $389,999.
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