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Elliman Report: Los Angeles Sales 4Q 2017

The Westside and Downtown housing markets were characterized as seeing rising sales, falling inventory and mixed price trends. There were 1,316 sales, up 13.1% from the year-ago quarter. This trend is in contrast to the 13.4% decline in listing inventory to 1,935. The absorption rate, the number of months to sell all listing inventory at the current rate of sales, fell to 4.4 months…

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