Silver Lake, CA area Home Sales, July 2010

Inventory continues to climb; sales are down by 258 units over June. As you will see in the graph below however, the number of properties "pending" (e.g. in escrow) is relatively flat. This is, no doubt mostly due to continued drops in interest rates. There are some fantastic buys out there right now and with historically low interest rates available on home loans, the savings (over 15 to 30 years) are significant!

If you're looking for more specific information on Silver Lake or other areas please contact me with the details. Also be sure to become a fan of Silver Lake Real Estate and Echo Park Real Estate on Facebook!

Source: Trendgraphix, Inc.

For more information regarding this post or other real estate information contact Robert Dixon at RE/MAX Palos Verdes Realty (310) 703-1848 or email info@robertdixon.net. Content of this or any other post is presumed to be accurate but not guaranteed.