Is the Palos Verdes Homes Market & South Bay Real Estate Market Finally Turning Around?
First and foremost, I’ve learned long ago NOT to be in the “crystal ball” business. So let me just report some facts
- Today, 4/8/2012, marks the 12th week in a row in which the ratio of pending sale volume (demand) to new listing volume (supply) was more than 50%*.
- Charting this “absorption rate” shows us that there have been higher lows and higher highs for some time now
* to put this number in perspective, at the peak of our market in the 4th quarter of 2006, the ratio was over 100%
This is just a small excerpt from one of the critical charts I keep that help me guide Palos Verdes home sellers to better price their homes so that they sell faster and for a higher net price.
- How does the excerpt above compare to previous markets going back to the early ‘90s?
- Would you like to learn more?
- Would you like to have access to these charts?
- Would you like to benefit from greater knowledge of the Palos Verdes real estate market and South Bay homes market in order to become a more powerful home owner, seller or buyer? … follow the link in the button below
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