The 92109 zip code market showed healthy signs this week as sales rose 4.0% to reach 52 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. To put it in perspective, the close-by 92101 zip code registered 74 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 92109 zip code, and the median sales price this period increased from $690,000 to $787,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 92109 zip code is a seller's market.
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