Like January, Santa Monica inventory below $3M and Westside overall inventory is running a higher than two years ago (2008), but below last year's high financial-meltdown levels. Santa Monica >$3M is a bit lower..

Santa Monica <$3M sales are similar to 2008, but new listings (that don't include relistings) are at record levels. Conversely >$3M sales are moribund (1 in January, 0 in February), and new listings (again excluding relistings) are the lowest in four years.