Sunday, June 04, 2006

Shorewood Report from May 26, 2006

We've seen that days on market, even though it is a highly manipulatable statistic, nevertheless has risen significantly here in the south bay, a major clue that the housing market's boom trend of recent years has changed.

Another major statistic is inventory level, which is the subject of this Shorewood report from May 26. During April, home inventory for the beach cities of El Segundo, Manhattan Beach, Hermosa Beach, and Redondo Beach was 536, up 126% from April 2005. That is also a good indication that the area's housing market boom trend has changed.

The number of homes sold in the beach cities for April was 172, down 15.3% from April 2005, still another indication that market's boom trend has changed.


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