June 23, 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.
|MAI $/sqft Median Avg. DOM||MAI $/sqft Median Avg. DOM|
|Azusa||87 $439 $693,950 9||88 $379 $726,950 28|
|Covina||95 $440 $720,000 44||66 $355 $535,000 16|
|Glendora||71 $448 $1,048,000 55||73 $429 $517,500 147|
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
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
All counties in So Cal showed an increase in the current inventory, with exception of San Diego County & Ventura County that showed a slight drop of 0.46% & 0.32%. There was an average increase of 1.42% in the region.
New listings in the region showed an overall downward trend with an average of 2.22%. Los Angeles and Orange counties showed a growth of 2.01% and 7.45% respectively. On the other hand; Riverside, San Bernardino, San Diego and Ventura counties showed a decrease of 10.44%, 6.66%, 6.17% and 2.70% respectively. Older listings also showed downward trend with the an average drop for the region being 1.17%.
New listings were 28.84% of total active inventory and older listings slightly went down to 11.45% of the active listings.
Coming soon inventory continued the trend from last week and went up slightly by 3.58%.
Closed listings continued the trend from past couple weeks and went up slightly by an average of 1.31% 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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