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

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

July 28, 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
Azusa 78      $442      $675,947          15 78      $391       $559,950          38
Covina 87      $476      $725,000          77 70      $393       $599,000          73
Glendora 79      $474      $898,000          32 72      $375       $695,000            7
     

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 slight upward trend in current inventory with exception of Orange and San Diego counties with respectively 2.36% and 0.22% decline. There was an average increase of 0.56% in the region.

New listings in the region showed an overall downward trend with an average of 4.74% decline. Exceptions were Riverside & Ventura that showed an increase of 0.77% and 0.46% respectively. Older listings also went slightly down as well with the average for the region being 0.55%.

New listings were 26.32% of total active inventory and older listings stayed the same as last week at 10.43% of the active listings.

Coming soon inventory changed the trend again from last week and went up by 2.24%.

Closed listings continued the trend from last week and slightly went up by an average of 0.44% in SoCal. 

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 may be found in M&M Business Directory. For free real estate and mortgage consulting, write to [email protected].

 

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