Are We Seeing the El Segundo Real Estate Market Starting to Shift?

Recent market indicators are starting to show signs of a changing market in El Segundo.  Notably the number of homes selling is on a sharp decline with the number of active listings is at a 12 month high.  The chart below shows a month by month representation of the number of closed or recorded home sales.  October saw only 8 homes that sold.  By itself that wouldn’t mean much as the number of homes that sold can fluctuate greatly in El Segundo.

The chart below shows the number homes for sale with “active” status.  October matched the 2018 high mark with 31 active homes for sale.  As of November 12 there are 32 homes for sale in El Segundo.