By Keith Kyle
Just when it started to appear that inventory was finally on the rise, it quickly peaked and dropped down to very low levels once again. The chart below shows all of Manhattan Beach real estate as well as the rest of the South Bay and Palos Verdes areas for the past year. We saw a peak in July wth 1,726 active homes for sale, but have steadily declined since and are not nearing the low point of last December. Inventory generally picks up after December and hopefully the general trend of inventory steadily rising until mid summer continues. To housing market chart for just Hermosa Beach is at the bottom of the page.
Housing market trends for Manhatttan Beach very much followed the same patterns as the South Bay with peak numbers of homes for sale during the summer months and declining ever since.