Typically, the only things you have to worry about absorbing in Summer are the sun's rays and (perhaps hefty) bills for camps and travel.
In Manhattan Beach real estate, though, Summer is not typically a period with a lot of absorption – of housing inventory. Listings come out less frequently, and sell more slowly. Summer has a lazier pace, befitting the season.
Now, with quick sales on listings like this one, 2509 Walnut (asking $2.799M), Summer 2016 is breaking from tradition. [UPDATE: 2509 Walnut has come back to market after a brief escrow.]
This year – well, these last 2 weeks or so – there's a lot of absorption. Inventory is dropping drastically because sales are happening fast – all of a sudden.
It's like someone shouted, "Everyone in the pool!"……