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.

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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 overall a downward trend in current inventory with average of 0.35% overall decrease with the exception of Los Angeles & Ventura counties that showed respectively 0.15% & 0.42% decrease.

New listings in the region showed upward trend with an average of 4.34% increase. With exception of Ventura County that showed 0.50% decrease. Older listings also went up by 2.33%.

New listings were 23.89% of total active inventory and older listings slightly went up to 11.62% of the active listings.

Coming soon inventory continued the trend from last week and went down by 1.61%.

Closed listings changed the trend from last week and went down by an average of 32.97% 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 Saeed@moreandmorenetwork.com.