Over the last 30 days, a determined downward trend of new sellers coming into the 93004 zip code market continued, with six listings in this week's report. Meanwhile, sales fell, with 21 homes selling during the same period. All indications show that the trend should continue, meaning less new listings over the next few weeks. At the same time that new listings trended lower, prices also took a turn lower, with the median sales price falling to a six-month low at $490,000. In spite of the falling prices, a low two months of inventory signals that the 93004 zip code is still a strong seller's market.
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