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Elliman Report: Los Angeles Sales 2Q 2020

The decline in sales represented what a spring housing market looks like when it is shut down to fight a global pandemic. There were 885 sales in the quarter, 43.5% less than the same period last year, and the lowest second-quarter sales total in eleven years. Because of the shutdown, would-be sellers delayed placing their homes on the market, and sellers removed their listings until there was more certainty. Listing inventory slipped 1.8% to 3,293 from the same quarter a year…

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