Manhattan Beach real estate activity in February produced 34.8% less closed escrows when compared to January.
Unfortunately, the median sales price met a similar fate as this metric decreased $945K or 38.2%.
Despite a 13.3% increase in net listings, the substantial decline in total sales caused the sales-listing ratio to fall 42.6%.
Last, analysis of the year-over-year months of inventory data point showed a 40% bump from February 2016 to 2017.
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