So Cal Re Market Report/ Buyer, Seller & Investor Tips

Saeed Ghaffari

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So Cal Market Beat

Buyer, Seller & Investor Tips

Featured Cities

	SFR	Condo
	MAI $/sqft Median Avg. DOM	MAI $/sqft Median Avg. DOM
92807	92 $569 $1,150,000 7	74 $535 $815,000 0 Current active inventory in Anaheim, CA 92807 is very low. Keep this in mind when looking at this report.
92808	80 $609 $1,704,999 51	80 $586 $665,000 9
Menifee	88 $286 $606,538 25	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

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 an overall parity trend in inventory with an average growth of 0%. Los Angeles, Ventura Counties rose 0.84% & 12.33% respectively. However Orange, Riverside, San Bernardino, San Diego Counties showed relative declines of 4.02%, 0.86%, 0.40%, 0.34%.

New listings in the region showed downward trend with an average decrease of 5.33%. The exception was Ventura County with increase of 18.45%.

New listings were 31.73% of total active inventory and older listings were at 12.01% of the active listings.

Coming soon inventory changed the trend from last week and went up by 11.57%.

Closed listings changed the trend from last week and went down by an average of 2.28% 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

California Housing Market: Prices, Trends, Forecast 2023

Mar 28, 2023

California Regional Housing Market Trends
The California Association of Realtors (C.A.R.) recently released its housing market report for February 2023, which showed that the state’s housing market experienced a decline in sales and median home prices. The report indicates that all regions in California, except the Central Valley, recorded sales declines of more than 30% from a year ago, with the Far North experiencing the most significant drop at -39.4%. Similarly, all counties monitored by C.A.R. had double-digit sales drops in February, with sales in 34 counties plummeting more than 30%.

Is This The Calm Before The Mortgage-Rate Storm? Here’s Why Homebuyers Should Hurry

Mar 28, 2023

Home prices are plateauing
Although home prices are still inching up, they’re starting to level off.

For the week ending March 18, listings prices were 6.3% higher than this same week a year earlier.

“This remains the lowest sales-price growth rate since June 2020,” explains Speianu. Plus, interest rates “are expected to remain elevated in the near term, which implies that home prices may continue to soften this spring season.”