Palos Verdes Homes Unsold Inventory
How to use the Spatial Match Search Engine to discover hidden trends behind the Palos Verdes homes market.
- What are the “Trends at a Glance” for Palos Verdes real estate?
- Learn about “Sale Prices and Days on Market” for Palos Verdes houses.
- What are the differences between Sale Prices and List Prices for Palos Verdes homes.
- What are the Prices and Sales?
- Are the number of Days of Inventory increasing or decreasing for the Palos Verdes House Market?
- What are the comparisons and what is the composition of sales for Palos Verdes homes?
There is so much information you can capture. Stay a while and give it a try. Enter your own home’s address and get smart on your market!
Palos Verdes Homes Unsold Inventory
In my opinion the Palos Verdes Homes Unsold Inventory index (or the index for any address you input) is one of the most important trends. It tells you in a quantified way, what the number of days of unsold inventory exists in the market. It is a FUNDAMENTAL measure as it distills the market to its most basic elements that make up Palos Verdes Home values …
SUPPLY AND DEMAND!
Given the number of homes for sale and the number of homes that have escrowed in a specific period of time, the Palos Verdes Homes Unsold Inventory index measures how many days of unsold inventory exists. If the trend is down, the market is better able to absorb inventory. Combined with the general inventory levels you can get a handle on what the market is doing and where it might be going specific to your neighborhood.
Play the video to learn more, then go to my home page at http://www.homeispalosverdes.com, scroll down to the map, click “Market Trends”. Should you have any questions, give me a call.
Here’s an example of a recent study I did for a client using the Palos Verdes Homes Unsold Inventory index. What do you think this chart is telling us as to the likely direction of Palos Verdes home prices in the near term?
For more information on Palos Verdes Homes Trends, use the LifeStyle Finder below
Original Content – George Fotion, HomeIsPalosVerdes.com