So Cal RE Market Report / Buyer, Seller & Investor Tips
June 2, 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 |
84Â Â Â Â Â Â $394Â Â Â Â Â $688,000Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 11 |
88Â Â Â Â Â $382Â Â Â Â Â Â Â $522,250Â Â Â Â Â Â Â Â Â Â Â Â Â 26 |
|
Covina |
94Â Â Â Â Â Â $468Â Â Â Â Â $739,900Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 45 |
72Â Â Â Â Â $355Â Â Â Â Â Â Â $519,000Â Â Â Â Â Â Â Â Â Â Â Â Â 37 |
|
Glendora |
75Â Â Â Â Â Â $474Â Â Â Â Â $1,954,000Â Â Â Â Â Â Â Â Â Â Â Â 45 |
Inventory Too Low. No Data Available |
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 a decrease in the current inventory, except for San Bernardino and San Diego counties showing a slight increase of 1.39% & 2.06% respectively. There region averaged a of drop of 0.73%.
New listings also showed a drop in all counties. The average for the region was a drop of 8.19%. Older listings continued their downward trend with the average drop for the region being 0.51%.
New listings were 29.23% of total active inventory and older listings slightly went up to 12.20% of the active listings.
Coming soon inventory changed the trend from last week and went up by 15.97%, typical for the start of summer.
Closed listings continued to go up and went up by an average of 5.24% in So Cal with every county in the green, except for San Bernardino county with a red dot, going down by 6.15%.
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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