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Big Jump in New Escrows – Rebound in Hawthorne Home Sales?

June 4, 2020 by admin

May saw a really significant jump in pending home sales in Hawthorne which might be the beginning of a rebound. The concerns and uncertainties caused by theFusion South Bay townhomes and condos coronavirus really slowed the real estate market down but that may be changing. We saw a jump from 14 pending sales in April to 31 in May which was a 158% jump.

View the current homes for sale in Hawthorne

May 2020 was a Neutral market*

Home For Sale in May 2020: 43 units.
• Down 14% compared to last month
• Down 18.9% compared to last year

Home Closed in May 2020: 14 units.
• Up 27.3% compared to last month
• Down 65.9% compared to last year

Home Placed under Contract in May 2020: 31 units.
• Up 158.3% compared to last month
• Down 20.5% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

Filed Under: hawthorne real estate Tagged With: hawthorne ca real estate trends, pending sales in hawthorne, real estate market in hawthorne

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Hawthorne realtor Keith Kyle

Keith Kyle

Vista Sotheby's International Realty logo Top Producing Realtor DRE# 01712785

telephone icon310-251-2344 cell/text email usKeith@KeithKyleHomes.com

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