Since the beginning of April there were 29 sales of single family homes(SFR) in the West Hollywood area, and 37 YTD. Inventory using the last 5 months data  puts supply at 15.3 months, and YTD data : 19.3 months. The average $/SF  for this period was $592/SF List-$570/SF Sold, down 22% from the 2006 peak of $731/SF Sold. Not a great improvement considering the amount of chatter among those calling the bottom of the market.

There were 140 condo sales in West Hollywood since April, and 186 YTD. Using absporption rates of 28 sales/mo since April, and 23 sales/mo YTD ,Weho condo inventory is at 8 and 9.7 months supply respectively. While shrinking supply numbers are encouraging, please keep in mind these numbers do not include pocket listings and bank owned property not currently listed with a broker.