The Beverly Hills Housing Market statistics below are taken from the MLS CLAW. They are for single family homes only and do not include condos, income property and private sales.
Although at first glance, the figures look gloomy, median price and median price listed vs median price sold, can be skewed unrealistically by overpriced multi-million dollar homes selling for less than asking, or one month a huge difference in the highest priced home over the next. But if you look closely, the number of homes sold is steady, homes under escrow are up significantly and the months supply of inventory has dropped dramatically.
Beverly Hills is not your average housing market, so it is difficult to follow the trend, especially at this time.
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Whoa! March was not pretty! But I think I saw your February post that said you typically don't have good result in March. Am I remembering correctly?
BTW, love the Beverly Hills sign in the post =)