Malibu Inventory Of Homes For Sale Tightens, Properties Under Contract Up 56%

by ritasimpson on April 27, 2012

in How's The Market

In step with other hot Real Estate markets around the country, the Malibu Real Estate Market is experiencing a revival. The number of properties under contract in Malibu is UP 56% from last year, and average days on the market is DOWN 23%. Meanwhile the average months supply of Inventory is DOWN 51% and the number of New Properties coming on the market  is DOWN 36% . In Summary, from a year ago, the number of FOR SALE properties is DOWN 18% and the number of SOLD properties is UP 67%

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To see how this tracks with the National Market read todays Wall Street Journal’s article By Nick Timaraos.

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Post by Rita Simpson

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