Sales fell to 45 homes sold over the last 30 days in the Santa Monica market. Sellers can expect less competition, however, due to a nine-week downward trend in homes coming into the market, now down to 35 for the same period. The median sales price dropped to $1,299,000, down from last week's $1,445,000. Despite the slip in sales, a relatively low three months of inventory indicates that Santa Monica is a seller's market.
If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Santa Monica: