Culver City Market Report - Third Quarter '09
By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Based on the Culver City Third Quarter Market Report, the median home prices have fallen 6%. The properties on the market in any given month where a buyer could have written a first position offer to purchase it at any time during that month. Different from Months Supply of Inventory below. The number has increased 3%. The number of properties going into contract on any given month shows the sales activity. This has increased 100%. The Culver City Third Quarter Market Report, shows a drop of 28% in the number of new properties coming on the market in any given month. The shortage of inventory should lead to an increase in home prices. This measures the speed of the market on a monthly basis. All the Days on the Market are added up and then divided by the number of properties in...
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