The Culver City real estate market report below shows the market absorption trend for single family homes. 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 … [Read more...]

Based on the Culver City Third Quarter Market Report, the median home prices have fallen 6%. The number of sold homes in Culver City has dropped 20%. The properties on the market in any given month where a buyer could have written a first position offer to purchase it at any time during that month. Different from Months Supply of Inventory below. The number has increased 3%. The number of properties going into contract on any given month shows the sales activity. This has … [Read more...]