So Cal Re Market Report/ Buyer, Seller & Investor Tips
September 21, 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
|
|
SFR |
Condo |
|
|
MAI $/sqft Median Avg. DOM |
MAI $/sqft Median Avg. DOM |
|
92807 |
85 $450 $876,944 29 |
69 $471 $469,999 25 |
|
92808 |
76 $499 $1,199,000 17 |
85 $523 $625,000 2 |
|
Menifee |
80 $250 $573,49055 29 |
18 $269 $439,500 0 |
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 [email protected].
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So Cal Re Market Report/ Buyer, Seller & Investor Tips
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.