2006 is almost over and the real estate market in Los Angeles is picking up! The inventory has gone down slightly and the number of sales have gone up. Buyers are finally realizing that price are not crashing here in LA. They have simply stabilized and now these buyers are starting to buy. 2006 was the second highest record year of all time in real estate sales volume and sales price!!! If you are thinking of buying, now is a great time. Traditionally, November and December are the two slowest months of the year. You will have less competition from other buyers and have a greater chance to negotiate a price for homes that have been sitting on the market for a while. The average time it is taking to sell a home in LA now is about 5 months. If you are selling, I would wait till January 1st and place your home on the market then. Sales pick up in January and you will get fresh and eager buyers! Feel free to contact me with any real estate question you may have at Anthony@TheMillenniumTeam.com or call me at 310 461 1252. Check out my Web site www.TheMillenniumTeam.com and www.LARealtorToTheStars.com for our newest listings and tons of real estate info. YOU CAN EVEN SEARCH THE MLS THERE! Happy Holidays! Anthony Vulin ~