August 11, 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 (Zip Codes)
|MAI $/sqft. Median Avg. DOM||MAI $/sqft. Median Avg. DOM|
|Anaheim 92807||86 431 1,315,000 80||53 434 583,388 29|
|Anaheim 92808||85 484 1,280,000 20||79 526 559,000 13|
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 an upward trend in current inventory with average 1.73% of overall increase. The exception was Los Angeles county 0.33% decrease in current inventory.
New listings in the region showed upward trend with an average of 5.95% increase with no exception. Older listings also went slightly down as well with the average for the region being 1.68%.
New listings were 25.80% of total active inventory and older listings slightly dropped to 10.32% of the active listings.
Coming soon inventory continued the trend from last week and went down by 1.82%.
Closed listings changed the trend from last week and went down by an average of 15.52% 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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