The 92405 zip code market seems to be approaching a bottom, as the number of contracts executed fell to 27, the lowest levels since July. Meanwhile, sales came in at 38 homes sold over the last 30 days. In comparison, 92407 led all other nearby zip codes with 41 contracts executed. Prices are falling in the 92405 zip code, and this period the median price of all sales fell from $225,000 to $222,500. With only three months of inventory and rising sales, the 92405 zip code is a seller's market.
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