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 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. The housing market chart for just Hollyglen and Del Aire is at the bottom of the page.
Housing market trends for Hollyglen and Del Aire were slightly more balanced, which was due more to the limited number of homes in the area which makes for a much smaller sample size. With so few homes that come on the market it makes determining specific trends a bit more difficult.