Home sales in the Val Verde market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 50.0% to one home sold over the last 30 days. Meanwhile, close-by Los Angeles reported 1,923 homes sales, the highest number from all the surrounding cities. The prices of sold homes went up with the median sales price setting a three-month high at $425,000. With only three months of inventory to sell, Val Verde is a seller's market, in spite of the dip in sales.
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