This Week's Westside Market Overview
We just finished putting together this week's Westside Market Overview, covering 12 neighborhoods on the Westside. We noticed more overall inventory this week (822 homes for sale vs. 782 last week), which shows we may be getting more homes on the market as we enter the spring months. That should mean more choices, but buyers be aware - interest rates look like they're inching up. Get while the getting's good!
Average days on the market really varies neighborhood to neighborhood. West Los Angeles, for example, is averaging 41 days, while Pacific Palisades is averaging 110 days. What's nice is we're seeing more things going into escrow. For instance, last April, there were 1072 homes for sale and 219 in escrow. This week there were 345 homes in escrow.
If you'd like to see this week's full Westside Market Overview, or if you'd like to receive it regularly, just call or email and I'll get it your way!
