In this week's report, the number of homes sold in the Canoga Park market slid to 39 over the past 30 days. It marked a decrease of 9.3% from last week's report and a fall below the monthly average. Within the same time frame, the Northridge neighborhood had 83 sales, the most of all neighborhoods in the area. Prices are falling in Canoga Park, and this period the median price of all sales fell from $512,500 to $430,000. Despite the slip in sales, a relatively low three months of inventory indicates that Canoga Park is a seller's market.
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