A dip in the number of pending transactions in the 90710 zip code market over the last 30 days resulted in the lowest amount since January. While 11 homes went under contract, there were 20 completed sales. In comparison, the 90503 zip code had 26 contracts executed in the same time frame, the most of all nearby zip codes. Prices are rising in the 90710 zip code, and the median sales price this period increased from $500,000 to $511,000. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that the 90710 zip code is a definite seller's market.
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