May real estate sales reports show that it’s still very much a seller’s market. May homes for sale in Los Angeles and the South Bay totaled 1470, up 6.2% compared to the previous month, up 0.8% compared to this time last year. Closed sales for May totaled 830. Down 0.8% compared to the previous month and down 4.2% compared to the same time last year. 1029 homes were placed under contract for May. Up 14.8% compared to April 2016 and up 13.2% compared to this time last year.*

*Source: TrendGraphix 6/10/16 

Housing Market Update for South Bay Cities March 2015 through May 2016