If you are buying a home in Santa Monica you will want to understand the market trend. Below you can compare sales over the past 3 months, 6 months, year; check median or average sales price, days on the market etc. You can also run a search for different areas. Report view will include past sold property listings. You are now well armed to help you make an informative decision on your next home purchase or sale.
Months inventory reveals whether it is a buyers or sellers market. 0 to 4 months favors sellers; 4 to 7 months is a balanced market; over 7 months favors buyers.
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