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Manhattan Beach Real Estate Market Update May 2017

Sales activity in Manhattan Beach residential properties dropped 4.2% during May relative to April.

However, the market median sale price increased a healthy 10.8% or $212,246 during this time.

The sales-listing ratio metric improved 7.7% because net listings fell 10.9% relative to a 4.2% decline in total sales.

Finally, evaluation of the year-over-year months of inventory data point showed a 33.3% downward correction from May 2016 to 2017.

Click to get the latest Manhattan Beach market report here or contact Hady to submit a request.

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