Number of condos on market drops under 200

August 24, 2010 at 8:34 am Leave a comment

For the first time in several months, the number of condos for sale in Santa Monica dropped under 200.  On my weekly market check on Monday 8/23, the number of condos for sale was 195.   For several weeks, the number had peaked in the 221-223 range before slowly receding.  Whether this is a temporary lull or a trend towards lower inventory only time will tell.    Lower inventory, if it comes, should lead to firming prices.

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Entry filed under: Market Conditions, Santa Monica real estate, Santa Monica realtor.

New Condo listing: 2 bed, 1 bath $449,000 Counteroffers, asking price, short sales

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