Let’s check in on the Santa Monica real estate market for September 2018 and compare it to the same period in 2017.
The number of homes sold in September compared with the same month in 2017 dropped in both categories.
The average price of single family homes sold compared with the list price increased slightly. Condos dropped slightly – see the stats below.
Less than 5 months = sellers’ market | 5 to 7 months = stable market | Over 7 months = buyers’ market
Both categories still favor sellers but are moving slightly towards a more balanced market.
There has been no great change in the Santa Monica real estate market and it seems to be following the current trend of more inventory and slowing prices.
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