Real Estate Market Index Report East San Fernando Valley CA January 2009
By Keith Sorem
(Keller Williams Realty)
East San Fernando Valley, CA January, 2009 North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys. Market Index A market index of above 1.20 is a seller's market, between 0.80 to 1.20 is a balanced market, and below 0.80 is a buyer's market. The market index three points to 0.34, third monthly increase in a row. New Listings - 192 new listings hit the market, compared to 130 new listings last month, versus 177 last January. Pending Listings - 156 opened escrow, versus 108 last month, compared to only 65 last year. Pending Ratio - 0.81, up from 0.74 last month, up from last year's 0.37. Listing Inventory - 815 properties were on the market, compared to 896 last month, compared to 838 last year. Sold Listings - 120 homes sold, ...
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