We were seeing a really nice increase in homes going under contract in Hermosa Beach which was a great sign. Inventory has been tight and it was great to see the inventory and pending sales on the rise. It went from 9 in December, to 15 in January, to 18 in February…..then we started to see the impacts of the shutdown. Only 12 pending sales in March and as of today, 4/11 there are only 11. Let’s hope that things turn around quickly when the world starts working again.
Hermosa Beach Real Estate
Active Listings (light green), Pending sales (red line) and closed escrows (dark green)