So Cal Re Market Report/ Buyer, Seller & Investor Tips
July 14, 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
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
|
|
SFR |
Condo |
|
|
MAI    $/sqft      Median                Avg. DOM |
MAI    $/sqft      Median                Avg. DOM |
|
Mission Viejo |
96Â Â Â Â Â $510Â Â Â Â Â $995,000Â Â Â Â Â Â Â Â Â 14 |
91Â Â Â Â Â Â $503Â Â Â Â Â Â $635,000Â Â Â Â Â Â 35 |
|
Newport Beach |
50Â Â Â Â $1,077Â Â $3,795,000Â Â Â Â Â Â 84 |
70Â Â Â Â Â Â $831Â Â Â Â Â $1,495,000Â Â Â Â 92 |
|
Santa Ana |
72Â Â Â Â Â Â $511Â Â Â Â Â $875,000Â Â Â Â Â Â Â Â 50 |
88Â Â Â Â Â Â $423Â Â Â Â Â Â $402,450Â Â Â Â Â Â 17 |
All counties in So Cal showed a drastic increase in the current inventory, with no exception. There was average decrease of 8.84% in the region.
New listings in the region also showed an overall upward trend with an average of 22.31%. Exceptions were Riverside & San Bernardino that showed decreases of 3.14% and 1.92% respectively. Older listings also went slightly up as well with the average for the region being 2.64%. 
New listings were 28.95% of total active inventory and older listings slightly went down to 10.62% of the active listings.
Coming soon inventory changed the trend from last week and went down by 21.32%.
Closed listings changed the trend from last week and went down to an average of 32.60% in SoCal.
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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