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

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

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

Featured Cities

 

SFR

Condo

 

MAI     $/sqft       Median                 Avg. DOM

MAI     $/sqft       Median                 Avg. DOM

92807

60       $513     $1,100,000            31

59     $512       $799,950            36

92808

52       $562     $1,200,000              59

63      $586       $699,950          21

Menifee

55       $273      $619,994                36

43       $347      $485,000           14

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 mix trend in inventory with average decrease of 0.11%. The exceptions were Los Angeles & Riverside Counties with respective increase of 0.32% & 0.26%.

New listings in the region showed upward trend with an average increase of 2.28%. The exceptions were Orange & Ventura Counties with respective decrease of 1.42% & 9.62%.

New listings were 14.86% of total active inventory and older listings were at 9.13% of the active listings.

Coming soon inventory continued the trend from last week and went down by 5.66%.

Closed listings changed the trend from last week and went down by an average of 9.19% 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].

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