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

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

November 16, 2021

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By Saeed Ghaffari

Saeed Ghaffari

Saeed is the founder of Money, Real Estate & More. With over 30 years of experience as a lender, investor and a real estate professional, he provides free consulting in these fields. To connect with Saeed, sign up for free / log in on moreandmorenetwork.com

 

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

92807

86       $513      $1,130,000              50

77      $514        $487,000            13

92808

79       $488      $1,469,000               54

88      $530        $459,000             9

Menifee

77       $251      $590,000                  35

18       $294      $411,250              4

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

 

5 Week Trends

In So Cal, there was overall downward trend in inventory with average decrease of 2.89% with no exception.

New listings in the region showed downward trend as well with an average decrease of 7.57%. Except San Diego going up by 1.56%.

New listings were 22.34% of total active inventory and older listings slightly went down to 14.48% of the active listings.

Coming soon inventory continued the trend from last week and went down by 14.20%

Closed listings also continued the trend from last week and went down by an average of 12.81% 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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