Over the past four weeks, the average number of new listings in the Westside is 295, while the average number of properties sold is 137, or a sale to list ratio of 46%.  While this makes a balanced market, the average number of price changes is 174.  Properties are taking a  little longer to sell, and Sellers need to price their properties sharply.  In this market, over-pricing at the outset will lead to Sellers chasing the market as it continues to find its balance.