Beverly Hills Market Update

Beverly Hills Market Update

  • Hannah Laird
  • 06/11/24

 

  • Homes sold: A positive sign the market is picking up as we are in spring selling season
  • Median sales price: Decrease mainly due to a higher percentage of homes under $5.0m selling vs the higher value properties
  • Average days on market: High buyer demand vs low inventory means well priced houses are selling fast
  • We are in an extremely price sensitive market. Well priced houses are selling fast, especially those under $5.0m. Overpriced listings are sitting on the market for longer.
  • **Stats based on data from the MLS

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