Accepted Offers Up, Active Listings Down - Los Angeles Condos

By
Real Estate Agent with Windermere Real Estate - Palm Springs CalBRE# 01339266

The Combined LA/Westside Multiple Listing Service has published a chart that I think is worth noting.

The graph, which compares figures from August 2008 to August 2010, indicates that the number of Accepted Offers has increased while the number of Active Listings has decreased.

This points to an improvement in market conditions (from a Seller's perspective).

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Topic:
ActiveRain Community
Location:
California Los Angeles County Los Angeles
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Condo Specialists
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los angeles condos

Comments 7 New Comment

Rainmaker
234,539
David Ames
San Francisco
Zephyr Real Estate, San Francisco

Great news for your area, Stewart...here's hoping the momentum continues.

October 30, 2010 01:05 PM
Rainmaker
814,155
J. Philip Faranda
Broker-Owner
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY

Very encouraging sign. Now take that progress and put it on a train-no, a plane- eastward. We could use some! 

October 30, 2010 11:54 PM
Rainmaker
257,125
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
It matters to us as much as it matters to you.
Keller Williams Realty

Looks like some good trending going on there and from the comments the trend in a few other places too.

October 31, 2010 12:03 AM
Rainmaker
562,448
Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain

Stewart,

I've noticed listings down in a number of areas as well.  As you stated this should lean in the sellers direction.

Steve

October 31, 2010 01:16 AM
Rainmaker
447,855
Malcolm Johnston
Trenton Real Estate
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario

Very good news for your market Stewart. Looks like a bit of balance is being restored.

October 31, 2010 09:34 AM
Rainmaker
473,988

Palm Springs Realtor Stewart Penn

Windermere Real Estate - Associate Broker
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