The Monterey Park market closed in on its 12-month sales average this week as sales climbed 11.1% to reach 30 homes sold over the last 30 days. Within the same time frame, Los Angeles had 1,923 sales, the most of all cities in the area. Prices are falling in Monterey Park, and this period the median price of all sales fell from $612,500 to $581,250. Along with the increase in sales, the fact that there are a lower-than-normal two months of inventory indicates that Monterey Park is a strong seller's market.
Trying to find a home in Monterey Park that offers sufficient space for your needs? Then check out these listings that have the largest living areas in the market: