Still a Seller's Market in North Redondo Beach CA

A number of my buyer clients have recently remarked that it feels as if things are slowing down. Usually that means something different to me as a Real Estate Agent than it might to either a buyer or seller.

For buyers they may be expressing a feeling that they are not seeing as many new MLS listings hitting the market as they were previously, or there are fewer open houses, or price reductions, etc.

For me, as a full time Realtor, it may mean there are fewer closings, less calls from buyers and sellers, etc. And it does feel like things are slowing down even though personally I have been very busy.

That's why in business its best to rely on data and facts and leave the feelings out. Let's look at the data.

As of this blog post there are 52 active MLS listings in North Redondo Beach CA 90278. There are 50 properties "in escrow" (MLS status pending or backup) and 47 homes closed escrow during October (48 the past 30 calendar days).

We are back to where we were in the beginning of the year re months of inventory based in closed sales. Here's an interesting data point: there were 57 homes sold during in 90278 March, 52 in April, 43 in May, 41 in June and 50 in July. So during the frenzy of May and June which are supposedly the busiest months, sales actually slowed. It was slower than than it is now - that's why there were more properties to look at, more open houses, etc. Funny how that works sometimes.

If you find these "Real Estate Market Updates" useful,  please visit my other Beach Cities Real Estate websites for Hermosa Beach and for Manhattan Beach CA.