Downey sees slight dip in real estate sales and prices

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By Eric Pierce

DOWNEY -- Downey had 62 new real estate listings in October, down 18% from 2016, according to statistics released by the Greater Downey Association of Realtors. 

October saw 38 closed listings, down 1% from a year ago. The average sales price was $596,250, a 2% drop from September 2016. 

Year to date, 437 homes averaging a selling price of $606,803 have sold in Downey. There is currently an inventory of 136 Downey homes on the market.