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Sherman Oaks Real Estate Report May 2020

Sherman Oaks Sleek House

New listings and home sales in Sherman Oaks have continued to reflect the impact of the pandemic economy with continued business at a slower pace. As of the 4th week of May, there are 161 available new listings and 31 closed sales. The real estate market is very much open for business!

Check out Wende’s most current Market Snapshot for Sherman Oaks here:

While Sherman Oaks experienced the nationwide decline in number of home sales, 45% last month, down to 45 from 82 in April 2019, listing prices saw a 10% increase from $1,077,372 to $1,186,693, year to year. The number of new listings also declined by 60% in April, with 59 compared to 146 the same month in the previous year. For more details on last month’s listings and sales, click the link below:

SHERMAN OAKS COMPARATIVE MARKET UPDATE FOR APRIL 2020

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Source: CRMLS, The MLS

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