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The Average Days on Market for Single Family Homes in Beverly Hills, CA are u by 15%!

Posted on Dec 1, 2014 by in Beverly Hills Market Reports | 0 comments

average days on market BH oct2014

The Average Days on Market for Single Family Homes in Beverly Hills, CA are up by 15% !

To some people the Average Days on Market do not mean much. The reality is, this is quite an important statistics to monitor. It does not matter if it is Beverly Hills or other parts of Los Angeles or for that matter anywhere in the country you are looking at. What is extremely important is to monitor these figures if you are considering buying or selling a home. This is the indicator of how fast or how slow the market is, i.e.: this is the velocity. Based on these numbers you can watch the trends, is the market getting hotter or is it cooling? Hence based on this trend you can predict if you should be pricing your home ambitiously or conservatively. Conversely buyers can determine if the property is priced correctly or the seller is being ambitious.

As the days on market increase it will determine that the market is either cooling or is in transition. Clearly we need to also look at the seasonal effects and not to confuse it with a transitional market. So with that said please look at these figures. Should you have any questions please reach out to me directly.

If you would like a Free Market Analysis let me know.

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