So Cal Market Report: Buyer – Seller – Investor Tips
So Cal Market Report: Buyer – Seller – Investor Tips
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
| Â | SFR | Condo |
|  | MAI    $/sqft      Median                Avg. DOM | MAI    $/sqft      Median                Avg. DOM |
| 92807 | 89Â Â Â Â Â Â $484Â Â Â Â Â $1,199,000Â Â Â Â Â Â Â Â Â Â Â Â Â 41 | 81Â Â Â Â Â $488Â Â Â Â Â Â Â $624,500Â Â Â Â Â Â Â Â Â Â 91 |
| 92808 | 83Â Â Â Â Â Â $655Â Â Â Â Â $799,900Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 14 | 87Â Â Â Â Â $561Â Â Â Â Â Â Â $631,900Â Â Â Â Â Â Â Â Â Â Â 0 |
| Menifee | 76Â Â Â Â Â Â $257Â Â Â Â Â $611,950Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 46 | Inventory currently too low for a market report in Menifee, CA |
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
In So Cal, there was overall downward trend in inventory with average decrease of 4.94% with no exception.
New listings in the region also showed downward trend with an average decrease of 12.33% with no exception.
New listings were 21.14% of total active inventory and older listings slightly went up to 17.40% of the active listings.
Coming soon inventory continued the trend from last week and went down by 5.67%
Closed listings also changed the trend from last week and went down by an average of 14.71% 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
Here Is Where Home Prices Are Rising The Fastest In California
The California Association of Realtors has released data for March showing homes sat on the market more than twice as long they did a year ago.
Statewide, the median number of days a home was listed for sale was 19 days, a 137% increase over March 2022. 281,050 homes went under contract in March, 34% fewer than last March and one percent lower than in February, data showed.
So Cal Re Market Report/ Buyer, Seller & Investor Tips
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.
16 Places in California Where Home Prices Are Skyrocketing
The cooling real estate market has been particularly evident in California — in some cities, like Los Angeles, San Jose and Sacramento, home prices have remained largely stagnant over the past year, while in others, like San Francisco, they have actually dropped. But this isn’t the case in every California city — in many places, prices have still increased over the past year and even year-to-date.
Here’s a look at 16 places in California where home prices are still skyrocketing.