|Take Control of Your Mind|
One Of My Best Years Will Be In 2019!
Hermosa Beach, CA 90254:
This week the median list price for Hermosa Beach, CA 90254 is $2,399,500 with the market action index (MAI) hovering around 33. This is less than last month’s market action index of 37. Inventory has held steady at or around 36.
By measuring the rate of sales versus inventory, this answers “How’s the Market?”
The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re barely in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
3 Things You Need To Know:
Schneider Properties South Bay Real Estate Team is supposed by our broker Compass
Thank you for tuning in to Manhattan Beach Properties, an informative real estate blog. Please contact our Real Estate Team for more information on how to use our “Gold Medal Services” for all of your Real Estate needs. We are here to help you buy or sell your dream home.