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

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

June 30, 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
Bellflower 82       $451      $705,200                 23 54      $365       $494,250             7
Compton 84       $438      $524,999                 39 65       $356      $542,500             32
Lakewood 95       $554      $780,000                 18 77      $472        $504,500            11

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

All counties in SoCal showed an increase in the current inventory, with exception of Ventura County that showed a slight drop of 0.32%. There was an average increase of 3.43% in the region.

New listings in the region showed an overall upward trend with an average of 5.05%. Exceptions were San Bernardino & Ventura counties that showed decreases of 0.87% and 6.48% respectively. However, older listings showed a downward trend with the average drop for the region being 0.55%.

New listings were 29.29% of total active inventory and older listings slightly went down to 11.13% of the active listings.

Coming soon inventory changed the trend from the last couple of weeks and slightly down by 7.56%.

Closed listings changed the trend from the past couple weeks and slightly went down by an average of 3.81% 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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