The Calabasas market slowed with a 12.5% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 25.1 monthly average with 21 homes sold. On the other hand, close-by Los Angeles registered 1,923 homes sold in the same time frame, the most of all surrounding cities. A months of inventory number of three reported this week continued a four-week downward trend. Despite the slip in sales from last week to this week, the low inventory indicates that Calabasas is still a seller's market.
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