Easy Reader Posts February Shorewood Report
Here is the February Shorewood Report for the South Bay cities as posted in the Easy Reader, but there is probably nothing new here. Number of homes for sale, homes sold, and sales pending are clearly down YOY, while average price, median price, and average price sold per square foot are still clearly up. Even average number of days on market is down slightly. From looking at data for March (hopefully graphs to be posted this weekend), I'd say that Manhattan Beach is still propping up much of this. 90278 and 90254 are weakening, 90245 I'm still undecided on, 90277 is flattening, and the higher end properties in 90266 are holding everything up. That's my take on things for now.
posted by bearmaster at 6:33 PM
2 Comments:
DOM is worse than useless in this market even though it is a violation of the Realtor® Code of Ethics relisting is rampant.
I have not found days on market entirely useless, as not all properties get yanked off and relisted. If that were the case, then it would be meaningless to me.
DOM have dramatically increased in certain zip codes. When lumped together for the beach cities, with the stronger zip codes masking what is happening in the weaker zip codes, average DOM tells me nothing.
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