
Over the past week, the number of sales has actually out-paced the number of new listings. There were 200 properties reported sold in the Westside, versus 182 new listings. The total listing count is down again, to 2,514. As inventory tightens up, and sales increase, prices are remaining stable. However, in some categories, buyers are finding it difficult to buy. Where inventory is very tight, we are seeing bidding wars again, on "gem" properties that are priced at or slightly under market.