How Do You Tell if it’s a Seller’s Market or a Buyer’s Market?

We’re currently in a Seller’s Market for all price ranges for Hancock Park Homes because of a shortage of inventory. Not enough inventory in each of the price ranges to satisfy buyers in that price range for the next 6 months. For example for Estate Homes …when a Fixer Estate Property came on the market on the corner of Muirfield Rd. and 3rd St. there were over 10 offers.

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About Linda

I am a local Hancock Park Real Estate agent who has been successfully selling Hancock Park properties throughout the past 20+ years. I actively follow the market here and check out new listings and sales daily. I live in Hancock Park and also very actively follow the many cultural and dining and sports opportunties available to us. So this Hancock Park Today Blog will be about both Hancock Park Real Estate and exciting things to do both locally and in greater Los Angeles.
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