So Cal RE Market Report / Buyer, Seller & Investor Tips
July 6, 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 |
|
Cerritos |
80Â Â Â Â Â Â $481Â Â Â Â $950,000Â Â Â Â Â Â Â Â Â 19 |
80Â Â Â Â Â $493Â Â Â Â Â $643,944Â Â Â Â Â Â Â Â 11 |
|
Long Beach |
85Â Â Â Â Â Â $593Â Â Â Â $954,500Â Â Â Â Â Â Â Â Â 48 |
80Â Â Â Â Â $534Â Â Â Â Â $499,900Â Â Â Â Â Â Â Â 52 |
|
Norwalk |
92Â Â Â Â Â Â $521Â Â Â Â $625,000Â Â Â Â Â Â Â Â Â 20 |
74Â Â Â Â Â $408Â Â Â Â Â $542,000Â Â Â Â Â Â Â Â 37 |
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 SoCal showed a decrease in the current inventory, with exception of Riverside & San Bernardino County that showed an increase of 0.47% & 2.30% respectively. There was an average decrease of 3.98% in the region.
New listings in the region also showed an overall downward trend with an average of 15.53%. Exceptions were San Bernardino & Ventura counties that showed an increase of 7.05% and 0.99% respectively. Older listings showed a downward trend as well with the average drop for the region being 2.89%.
New listings were 25.76% of total active inventory and older listings slightly went up to 11.26% of the active listings.
Coming soon inventory changed the trend from last week and went up by 29.30%.
Closed listings changed the trend from last week and slightly went up by an average of 18.39% 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 may be found in M&M Business Directory. For free real estate and mortgage consulting, write to [email protected].
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