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 a mixed trend in current inventory with average 0.11% of overall increase. Orange & San Diego counties showed 1.00% & 0.47% decrease respectively. San Bernardino county did not show a change. Los Angeles, Riverside & Ventura counties showed an increase of 0.23%, 0.83% & 2.37% respectively.

New listings in the region showed downward trend with an average of 1.31% decrease with exception of Ventura county showing increase of 8.06%. Older listings went slightly up as well with the average for the region being 2.53%.

New listings were 24.62% of total active inventory and older listings slightly dropped to 10.80% of the active listings.

Coming soon inventory continued the trend from last week and went down by 0.28%.

Closed listings changed the trend from last week and went up by an average of 6.54% 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].