#SanPedro single family residences (SFR) experienced a very slight pull back across the board. Average days on market was much better for September, but the August numbers were a little skewed due to listings that had been on the market for over a year.
#Condo and #Townhouse sales dropped similarly to SFR. However, average sales price increased slightly to $425k compared to $418k in August. Average days on market also increased slightly from 31 days in August to 35 in September.
Although interest rates have settled in the 6% range for much of the new year, housing inventory remains low, but prices have started to decline.
The San Pedro housing market for February 2023 saw significant changes to the average sale price of homes, indicating that rates may be putting pressure
The San Pedro housing market started 2023 strong, similar to the fourth quarter of 2022. Interest rates decreased slightly, helping raise the average sale price
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