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Brentwood Los Angeles Housing Market Report – May 2010

Posted by janepeters on May 17, 2010
| 1

The Brentwood Los Angeles real estate market report below shows the market absorption trend for single family homes over $1 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.

The Brentwood real estate market would appear to still be a buyer’s market.

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One thought on “Brentwood Los Angeles Housing Market Report – May 2010

  • on May 17, 2010

    Well, well! Doesn’t this look just fabulous?! Great job, Jane–you really turned this around very quickly. They’re really fun to do for your sellers too; it helps them position their home on the market better than just using a CMA.

    Have a great Tuesday…

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