The Redondo Beach real estate market hit a bump in the road in February as total sales fell by 37% compared to January.
However, the market median sales price increased 7.9% or $69.2K giving investors positive news to feed upon.
Given the 37% decrease in net sales relative to a 18.4% spike in listings the sales-listing ratio ended the month at -46.8%.
Last, according to MLS data the year-over-year months of inventory held constant at 3.0 as measured in February 2015 and 2016.
To get the complete Redondo Beach market report for February please contact Hady at or click here to submit a request.
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