The median price of Santa Monica Homes has dropped only 2% over the past year.
The number of properties sold, has increased by 114%.
The number of properties for sale has pretty much stayed the same.
The number of properties going into escrow has risen 127%.
The number of new properties coming on the market has dropped 3%
The average month's supply of inventory has decreased 66.2%.
Supply of homes has pretty much stayed the same, while the demand has risen 114%
Days on the market, has risen 44%. This figure could mean buyers are waiting for prices to drop.
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