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Elliman Report: Los Angeles Sales 1Q 2020

Final two weeks of March 2020 • Awareness of the global pandemic known as COVID-19 cooled conditions with two significant rate cuts by the Federal Reserve and the statewide shutdown of non-essential businesses. The most critical metric in March has been the sharp decline in listing inventory. Overall listing inventory slipped from year-end 2019 through the end of March 2020 by 1.7%. From 2015 to 2019, the average quarter over quarter listing inventory growth was 16.6%. The difference in the recent trend indicated…

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