So Cal Re Market Report/ Buyer, Seller & Investor Tips
August 30, 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.
Featured Cities
|
|
SFR |
Condo |
|
|
MAI    $/sqft      Median                Avg. DOM |
MAI    $/sqft      Median                Avg. DOM |
|
Menifee |
85Â Â Â Â Â Â $245Â Â Â Â Â $568,450Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 28 |
Not Enough Data |
|
AH 92807 |
84Â Â Â Â Â Â $468Â Â Â Â Â $943,700Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 44 |
59Â Â Â Â Â $464Â Â Â Â Â Â Â $489,999Â Â Â Â Â Â Â Â Â Â Â Â Â 32 |
|
AH 92808 |
81Â Â Â Â Â Â $485Â Â Â Â Â $1,474,500Â Â Â Â Â Â Â Â Â Â Â Â 18 |
81 Â Â Â Â Â $536Â Â Â Â Â Â Â $579,900Â Â Â Â Â Â Â Â Â Â Â Â 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:Â 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 0.71% of overall decrease with the exception of San Bernardino & Ventura counties that showed 2.68% & 2.18% increase respectively.
New listings in the region showed downward trend with an average of 4.39% decrease with exception of San Bernardino county showing increase of 5.92%. Older listings went slightly up with the average for the region being 2.30%.
New listings were 23.71% of total active inventory and older listings slightly went up to 11.13% of the active listings.
Coming soon inventory continued the trend from last week and went down by 6.10%.
Closed listings changed the trend from last week and went down by an average of 4.72% 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.
M&M NEWS
Related Articles
Housing Market Forecast For The Rest Of 2022
The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022.
Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years.
Connect with a local real estate professional so you can make your best move this year.
So Cal Re Market Report/ Buyer, Seller & Investor Tips
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.
There’s A ‘perfect storm’ Brewing In The Family Housing Market — Here’s A Super Simple Way To Take Advantage
Mitt Romney says a billionaire tax will trigger demand for these two physical assets — get in now before the super-rich swarm
Warren Buffett likes these 2 investment opportunities outside of the stock market
There’s a ‘perfect storm’ brewing in the multifamily housing market — here are 3 of the easiest ways to take advantage