Local realtor and blogger Kaye Thomas offers some good perspective in a piece from earlier this week, entitled "The Seller's Lament: Where, Oh Where, Have The Buyers Gone?"
Some highlights from Kaye's telling of the word on the street:
Inventory is rising in the Beach Cities and sales volume is slowing. Some of this…
Local realtor and blogger Kaye Thomas offers some good perspective in a piece from earlier this week, entitled "
The Seller's Lament: Where, Oh Where, Have The Buyers Gone?"
Some highlights from Kaye's telling of the word on the street:
Inventory is rising in the Beach Cities and sales volume is slowing. Some of this is seasonal but lot of the reason for slower sales is that many buyers have set price limits...
Home sales ( homes that have closed escrow) are not looking great for July in most of the Beach Cities and are really low in Manhattan Beach...
Buyers and Sellers are just not in the same ballpark on prices. Many sellers are looking at prices from their perceived idea of value not true market value... [Homes that buyers] feel are over that value are just sitting.. often for a very long time...
Kaye also adds a lot of data in graph & chart form in this story, and
another one giving some median price data going back to 1970 (not all of it very narrowly drawn).
Bravo, and thanks, Kaye, for the continued explosion of data.
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Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 12:15am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.