The 90241 zip code market pulled back with a 10.5% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (16.4) with 34 homes sold. Meanwhile, the 90650 zip code reported 90 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices are coming down in the 90241 zip code, and for this period the median sales price slid from $620,000 to $590,000. Despite the slip in sales, a relatively low two months of inventory indicates that the 90241 zip code is a definite seller's market.
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