Valley Still Hot in July
August 03,2021 | Posted By Julian Munoz in Los Angeles Real Estate Market
The 4 cities polled holding firm in values in July as interest rates went down by a about a 1/10th of a point, close to reaching a 40-year low. North Hollywood and Burbank breaks their time all-time highs for the third time for the year, $800K and $1M respectively. Woodland Hills holds steady at $1.1M, its fourth time breaking the 1-million-dollar level. Studio City does the same doing just over $1.7M 2 months in a row. Inventory levels did improve for all markets, increasing from June to July, but still on average below last years level except for the Burbank market that was 23% better. This doesn’t mean there was an overabundance in listings in Burbank last month. Months of supply remains consistent at about 2 months, a seller’s market for sure and will probably continue for the rest of the year
No Post Found