Home Inventory on The Rise….Unfortunately It Has No Where to Go But Up

By Keith Kyle

Hermosa Beach is a small coastal town that’s seen housing demand skyrocket in the past 2 years while inventory has been at record lows. ┬áThe good news is that inventory is slowly going up and has doubled since December.

Hermosa Beach home inventory

The chart above looks promising until you view it in context with the chart below. Although inventory is on the rise is coming off all time lows and really has nowhere to go but up. Hopefully the trend will continue as the summer buying season is traditionally a time when sellers know buyers are actively and eagerly looking, partly due to the lifestyle that’s hard not to love and partly to families trying to get their kids in Hermosa’s award winning school district.