Manhattan Beach Real Estate Market Trends

Whether you are buying, selling, or investing in real estate, it's always interesting and informative to take a look at market trends. As homeowners we always like it when property values are going up but as buyers we look for signals and indications that prices are declining. Of course as soon as we buy we then look for data to validate that the home values are on the rise.

Here's some interesting data I was just reviewing.

Looking at the median home price compared to what is selling, it tracks fairly closely as would be expected as a purely mathematical function. Around $2 million is what buyers should be looking at in Manhattan Beach realistically.

At the upper end of the market, above $3M, properties will be on the market longer. As a result, the absorption rate changes. Find out how much your home is worth at ellisposner.smarthomeprice.com.

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