What was it that Samuel Clemens said?

“There are three kinds of lies: lies, damned lies, and then there are statistics.”

But we really do need to look at the numbers to find out what is REALLY going on, so allow me to share some facts. 

First, what does it mean to talk about the “# days of unsold inventory” mean?  Simply, it means given the existing level of supply, how many days would it take for the market to absorb through sale activity this existing supply given the rate at which homes have recently sold.  This is a much more meaningful statistic than “average days on market”.  The unsold inventory index really lets you know about the strength of the market, especially when put in perspective with past numbers.

Surprisingly, the market for homes over $1,000,000 has actually performed better than the entire South Bay market in all price ranges!

Would you like more information on real estate trends in the South Bay and Palos Verdes areas?  Simply go here to sign up; it’s free. 

Remember too, you have a free search tool to look for homes for sale throughout California by visiting here.

George Fotion
424-226-2147
george.fotion@homeispalosverdes.com
www.HomeIsPalosVerdes.com

DRE#785373