Los Angeles County’s residential market rebounded with an increase in listings and closed sales, according to an analysis of Redfin data by The Real Deal.
County-wide new listings volume increased 13 percent to $1.3 billion from $1.15 billion between April 13 and 19. That marks an uptick for 91 neighborhoods from the week prior.
(Source: TRD analysis of Redfin data)
Similarly, total sales volume increased in 110 neighborhoods. County-wide, sales volume jumped 8 percent from the week prior. Sales volume during the third week of April was still down from the same period last year, declining 15 percent to $760 million from $872 million.
Neighborhoods with the highest listings volume last week were Beverly Hills, Brentwood, Sherman Oaks, Long Beach and Malibu. New listings volume increased week-over-week in Beverly Hills, Brentwood and Sherman Oaks, but declined in Long Beach and Malibu.
The top neighborhoods by sales volume were Bel Air, Manhattan Beach, Long Beach, Santa Clarita and Brentwood. Sales increased week over week in each of these neighborhoods except Long Beach.