The market is as busy as ever, but Spring is the time for new listings. Maybe for a while, supply can keep ever-so-slightly ahead of demand.
As we write, inventory is at 48 total listings in Manhattan Beach, a high for the year. And we know of a few more still coiled up, poised to hit today and Friday.
That could get us to a (recently) uprecedented 50 listings this week.
As our chart here shows, if we're anywhere over 42 active listings by COB next Monday, then 2014 will exceed the total inventory available in 2013 for the first time year-over-year.
As reported in our MB Market Update for 3/31/13, inventory had already begun a downward trend by hitting 42 active listings, and we never saw that many options again until mid-May as the market began to