Neighborhood Spotlight - San Pedro

The monthly supply of Inventory has increased by 71.54% over the last 12 months, with a current supply of 2.23 months, but that's up from historic lows. Despite high interest rates, the List to Sold Price percentage in San Pedro, California, is at 100.5%, showing strong demand and competitiveness in the market and median days on the market of just 13 days, sellers are seeing quick turnaround times on their listings if they are priced correctly - particularly for homes around the median price of $837,500. With the recent turbulence in the stock market and interest rate cuts expected, it looks to be an interesting Fall. Every situation is unique, let's talk about yours. 

For a more detailed report:

https://staticaws.narrpr.com/Reports/bfc8d623/5c18-4fe5-9986/e9a69d77d9f0/Neighborhood-Report_San-Pedro-California_2024-08-06-18-00-20.pdf