Palms and Mar Vista Real Estate Market Trends – May 2010

The Palms and Mar Vista 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 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.

Palms/Mar Vista Real Estate Market Trends - May 2010

The above Palms and Mar Vista real estate statistics would indicate a strong seller’s market.

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Jane Peters

I am a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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