On top of an emerging downward trend in sellers reducing price, including 13 markdowns over the last 30 days, sales in the 91505 zip code market fell to 23 over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. Potential buyers should note that prices went up in the 91505 zip code, with the median for this period rising from $620,000 to $635,000. In spite of the decrease in sales, a low two months of inventory signals that the 91505 zip code is a definite seller's market.
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