Fall Market Report for Westwood, CA

September brought increased activity in the condo market.  Here's what happened across the board:

Single Family Homes:

New Listings -  11
Price Reductions -  9
Pending Sales -  23
Homes Sold -  17

There's just under 4 months inventory.

Condominiums:

New Listings -  57
Price Reductions -  33
Pending Sales - 16
Condos Sold -  35

In anticipation of year's end, families are agreeing to price reductions to bring about a sale.  This is probably a good decision given that there's slightly less than an 11-month supply of condominiums.