So Cal RE Market Report / Buyer, Seller & Investor Tips
June 16, 2021
By Saeed Ghaffari
 So Cal Market Beat
Buyer, Seller & Investor Tips
ECON 101 (Supply & Demand)
Table below shows the impact of the market trends and factors on our economy.
Featured Cities
 | SFR | Condo |
 | MAI    $/sqft      Median                Avg. DOM | MAI    $/sqft      Median                Avg. DOM |
Azusa | 87Â Â Â Â Â Â $439Â Â Â Â Â $693,950Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 9 | 88Â Â Â Â Â $379Â Â Â Â Â Â Â $726,950Â Â Â Â Â Â Â Â Â Â Â Â 28 |
Covina | 95Â Â Â Â Â Â $440Â Â Â Â Â $720,000Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 44 | 66Â Â Â Â Â $355Â Â Â Â Â Â Â $535,000Â Â Â Â Â Â Â Â Â Â Â Â Â 16 |
Glendora | 71Â Â Â Â Â Â $448Â Â Â Â Â $1,048,000Â Â Â Â Â Â Â Â Â Â Â Â 55 | 73Â Â Â Â Â $429Â Â Â Â Â Â Â $517,500Â Â Â Â Â Â Â Â Â Â Â Â 147 |
MAI: Market Action Index. MAI of 30 represents a balanced market between buyers and sellers. Over 30 indicates a seller market and below 30 is a buyer market.
Avg. DOM:Â Average days on the market
Source altos.re
Buyers, Sellers & Investors: Seek the advice of an experienced local realtor for data specific to your market. Work with realtors with skills and character you can trust, find them on our Real Estate Expert Panel on our home page.
5 Week Trends
All counties in So Cal showed an increase in the active listing inventory, with exception of Orange County that showed a slight drop of 0.83%. There was an average increase of 2.23% in the region.New listings showed a mix trend. Los Angeles, Orange and Ventura counties showed a drop of 2.57%, 1.44% and 11.90% respectively. On the other hand; Riverside, San Bernardino and San Diego counties showed an increase of 5.69%, 11.18% and 0.19% respectively. The average for the region showed a slight increase of 0.65%. Older listings also showed mixed trend with the average drop for the region being 1.51%.New listings were 29.91% of total active listing inventory and older listings went down slightly to 11.48% of the active listing inventory.
Coming soon inventory changed its trend from last week and slightly went up by 2.13%.
Closed listings changed the trend from last week and went up by an average of 23.23% in So Cal.
For data specific to your local market, we have expert real estate professionals listed on M&M Expert Panel under the real estate column. Additional real estate services maybe found in M&M Business Directory. For free real estate and mortgage consulting, write to [email protected].
M&M NEWS
Related Articles
The Real Estate Market is Cyclical, Don’t Panic, Adjust!
The Real Estate Market is Cyclical, Don’t Panic, Adjust! The Real Estate market is cyclical. The data shows, and it’s clear that we are experiencing one of the toughest real estate markets in the past decade. As bad as it is, there are certain agents who do well,...
Why the housing market is going from tough to terrible
Why the housing market is going from tough to terrible Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS article. M&M Membership includes: FREE Coaching Events & Workshops,...
As mortgage rates hit 8%, home ‘affordability is incredibly difficult,’ economist says
As mortgage rates hit 8%, home ‘affordability is incredibly difficult,’ economist says Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS article. M&M Membership includes: FREE...