MB Market Update for 5/31/10, Overview

Posted by Dave Fratello on Tuesday, June 8th, 2010 at 2:33pm.

May was a month of dead-even balance, measured by the rate of new listings hitting the market and the number finding buyers.

MBC recorded 26 new listings and 26 sales (new escrows), making May the hottest month recently – March had 24 sales and April had 19, by our count. A few of those May sales were, once again, on listings that had just hit the market. What a Spring it's been.

The new MB Market Update spreadsheets are up online for your viewing and use by clicking here, or at any time by using the pull-down menu on the front page under "MB Market Updates."

Total inventory was down by 5 listings from the end of April, at 79 SFRs west of Sepulveda – same as in mid-May.

For what it's worth, June has begun with a little rush of new inventory and not quite as many sales, but let's see how that pans out by mid-month.

The spreadsheets and writeup here cover the 2-week period from May 15-May 31. 

Inventory by sub-region west of Hwy. 1 (for more see the tracking page of the spreadsheets) broke out this way:
More soon on activity in each part of town.
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