A client of mine recently asked if there was any correlation between the various MLS areas for Palos Verdes homes and how long properties were on the market for sale. In other wordsโฆ
Is the supply demand pattern for certain MLS areas, letโs say the Lunada Bay area, so much higher in demand that we see shorter days on market for properties sold there compared to, letโs say, the Los Verdes area of the Palos Verdes Peninsula.
Palos Verdes Homes Days On Market Correlation
I decided to do some digging and this is what I found out โฆ play this video and then use the interactive map based on Google Maps to gain even more insight. This is information that will help you not lose money when it comes to either selling or buying Palos Verdes Real estate
View DOM Correlation With Palos Verdes Homes MLS Areas in a full screen map
By the way, speaking of โDays On Marketโ โฆ by understanding the chart below, you can see why using an โaverage days on marketโ metric is practically useless. So if that isnโt a good metric for understanding how weak or strong a market is, what is a โfail safeโ metric to use? With more than 44 years in this business, Iโve developed an index that helps you make better real estate decisions. Use the โCONTACT USโ tab at the top of this page to get more information on this proprietary indicator.
