The Latest in the LA South Bay Market

A lot has changed in our market in the last month, let alone
the last year. We’ll go over all the changes for you today.





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A lot of changes have been happening in the LA South Bay market
recently, and I wanted to give you an update today on what’s
been going on. In essence, we have a very strong market, like
most other markets in Southern California. However, our limited
supply of sellable inventory is making the buying and selling
processes a little more intense these days. Here are some of
the numbers you should be aware of:


Our inventory based on closed sales is up 14.7% from last
month, but down 23.5% from last year.

There were 1,405 homes for sale in July, which is down
18.6% from last year.

There were 875 closed units in July, which is down 16% from
last month, but up 7.8% from this time last year.

The 1,019 homes under contract are up 4.6% from last month
and 23.1% from last year.

Our average days on market is down 44% from last year and
now sits at just 28 days.

Our inventory based on closed sales is up 14.7% from last
month, but down 23.5% from last year.




Our market continues to remain strong.

All in all, our market continues to remain strong for
buyers and sellers. If you price your home correctly, it will
sell quickly and profitably. If you’re a buyer, interest rates
remain low and you have a great opportunity to lock in a rate
now. However, competition will be fierce. Keep an eye on our
diminishing inventory, because it plays a huge role in your
decision to buy or sell. If you have any questions for us or
you’re thinking about buying or selling yourself, give me a call
or send me an email. I look forward to hearing from you.