With only 2.2 months of inventory, Manhattan Beach remains a seller's market. Home prices have decreased 3.3% in the past month. With 2.2 months of supply, Manhattan Beach's inventory levels remain relatively tight. Homes are taking about 49 days to sell, which is -22 days longer than this time last year. Only 8.3% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 31.8% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Manhattan Beach market with the affordability index at 487.2. Based on current market indicators, home prices in Manhattan Beach are projected to decrease by approximately 7.3% over the next month.
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