By Jeffery Marino
Residential real estate in Northeast Los Angeles is a seller’s market like no other.
In November, the latest month with full sales data, both the number of homes for sale and the number of homes sold increased in NELA. Inventory rose by 7% year-over-year, boosted by a 34% increase in new monthly listings, while sales increased by 8% year-over-year. It was the third month in a row of rising inventory and sales.
And yet, through it all, home prices just kept climbing.
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