Listings are running longer these days in Manhattan Beach. Even prime properties seem to linger for a few weeks before offers come in.
Plus, it's Summer now, a time when it often feels like nothing is happening in local real estate.
What is happening a lot now is that sellers are having their properties re-listed to "refresh" them... to knock down those public "Days on Market" numbers and, achem, re-introduce the property to the market.
Here at MBC, we've said our piece on the subject. We don't like it.
Out of 133 active listings late Monday, we counted 20 listings that have re-listed with the same agent at some point: 15% of active inventory.
(Is 15% a lot? Discuss.)
Possible mitigating factor: Some listings may have changed companies/brokerages…