The statistics are off in Santa Monica for the month of March. This could be signalizing that the bottom is here or near. Volume was up in total on an aggregate basis, but March is a longer month than February, so we should have seen a larger gain.
Prices were down across the board. Single family homes did not take as steep a hit as the condominiums. Condo prices were down more than 30% in March when compared with February.
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