Beverly Hills Housing Market Report – May 2010

Originally posted on May 18, 2010

The Beverly Hills Housing real estate market Report below shows the market absorption trend for single family homes up to $2 million.

What is an absorption rate?  This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month.  This helps in determining the pricing of homes being put on the market and what kind of market it is.  If you have a 10 month selling cycle and want to sell in 5 months you would need to price your home  a little lower than the 50% average.  Also a 6 months selling cycle is a balanced market.  Above that is a buyers’ market and less than 6 months inventory is a sellers’ market.

Beverly Hills Market Absorption Rate

Beverly Hills Housing Market Report Over $2M

The Beverly Hills real estate market below $2 million seems to be fairly balanced with the last 3 months leaning towards a buyers’ market.

Beverly Hills home sales over $2 million are below:

Beverly Hills Market Absorption

Beverly Hills Housing Market Over $2M

The Beverly Hills luxury  real estate market, homes over $2 million, is more stagnant and is definitely still a buyers’ market.

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