It's hard to say when Manhattan Beach real estate inventory began to feel permanently cramped. But it seems like supply has been too low for demand since roughly late 2012.
It's no coincidence that prices have shot up during the same 3-year span, though there are many factors beyond the simple supply/demand imbalance.
Now we see in the data that 2015 is going to close out with the fewest residential real estate sales since 2009-2010.
But if that were bad news, it's not paired with any slippage in the median price for Manhattan Beach properties. Prices are still up.
What does it all mean for the state of the market heading into next year?
First, let's look at sales totals.
As you see from our chart below, we just took a snapshot of sales YTD for each……