The 91016 zip code market might be slowing down in the coming weeks. Sales fell this week to 23 homes sold over the last 30 days, and there is a determined downward trend in the number of new listings, with 17 going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price climbed to $660,000 over the latest reporting period for the 91016 zip code, up from $642,500. In spite of the decrease in sales, a low three months of inventory signals that the 91016 zip code is a seller's market.
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