Every month I post both the Recent South Bay Home Sales as well as the Median Home Prices for the various cities that I work and specialize in. I try my hardest to explain that the year over year change, when only looking at a specific month, doesn't necessarily paint an accurate picture. As an example Hermosa Beachhas so few monthly sales when compared to a city such as Torrance or Long Beach, that something as simple as a Strand sale can alter the numbers significantly. It's a valuable piece of information that can help track what is going on in the market over time, but as it's such a brief period, it needs to be looked at in context. In the 2 years I've been pulling this information and the noticeable decline in most South Bay cities over the past 8 months I've never seen a down...
Comments
0