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.
|MAI $/sqft Median Avg. DOM||MAI $/sqft Median Avg. DOM|
|92807||89 $484 $1,199,000 41||81 $488 $624,500 91|
|92808||83 $655 $799,900 14||87 $561 $631,900 0|
|Menifee||76 $257 $611,950 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: Average days on the market
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].
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