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

September 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

AH 92807

87       $516      $924,450                 31

69      $510        $749,000             18

AH 92808

76       $450      $1,400,000              18

85      $570        $685,000              0

Menifee

79       $256      $580,000                 31

Low Inventory

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 1.33% overall decrease with the exception of Riverside County that showed 3.13% increase.

New listings in the region showed downward trend with an average of 4.61% decrease. With exception of Riverside County that showed 1.31% decrease. Older listings went up by 3.38%.

New listings were 23.10% of total active inventory and older listings slightly went up to 12.18% of the active listings.

Coming soon inventory changed the trend from last week and went up by 0.55%.

Closed listings changed the trend from last week and went down by an average of 4.09% 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.

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