New Upward Trend in Price Cuts for Hollywood Real Estate Market

The number of sellers reducing prices in the Hollywood market trended up to 266 over the last 30 days, extending a six-week streak. During the same period, 83 sales were completed. Potential buyers should note that prices are coming down in Hollywood, and for this period the median sales price slid from $230,000 to $225,000. With decreasing sales and the availability of 13 months of inventory, Hollywood is a definite buyer's market.

These listings in Hollywood recently reduced their price, so be sure to check them out for a potentially great deal:

$3M   $3.4M   $5.5M  

Get started right now by checking out Hollywood homes for sale or reviewing Hollywood real estate trends.

Demographic facts for Hollywood:

  • This area has a median house value of $128,300.
  • This area usually gets 97 rainy days each year. (U.S. average: 100)
  • The area's unemployment rate is 8.9%.
  • The student-to-teacher ratio is 16.9:1. (15.3:1 = national average)

Data reported through 10/19/2016

Comments:

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