New Downward Trend in Price Cuts for Wholesale District-Skid Row Real Estate Market

Sales in the Wholesale District-Skid Row market fell to five homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with zero price reductions in the same time frame. While price reduction numbers fell, sale prices dropped as well. This week's reported median sales price of $430,000 continued a four-week downward trend. Despite the falling prices, a relatively low two months of inventory indicates that Wholesale District-Skid Row is still a definite seller's market.

Looking for an affordable home? Check out these inexpensive listings in Wholesale District-Skid Row:

$349K   $535K   $625K  

Data reported through 1/11/2017

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