Definitely one of the most common types of questions we hear – among working agents and regular working folks like you – is something like, "How Long Can This (Rally) Go On?"
Recently we've heard a buzz that there's been a "slowing down" in the Manhattan Beach real estate market in the first part of this year.
But that's not what the data say.
Closed sales are a looking-backward measure, to be sure, but they don't paint a picture of any slowing.
We're looking here at the number of closed sales in the first 3 months of each of the past 8 years. There are clear dips in 2008-2009, as the market wobbled and dropped.
After the recovery began in Q3 2009, the first quarter of 2010 was "normal" at 74 closed sales, the same level hit in 2014 (minus 1) and here…