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 58       $504    $1,129,999              34 60      $519       $799,900          40
92808 53       $572     $1,195,000             65 59      $577       $710,000          18
Menifee 52       $270     $624,849               40

39      $335       $482,000          11

Current active inventory in Menifee, CA is very low. Keep this in mind when looking at this report.

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 increase of 0.29%. The exceptions were San Diego & Ventura Counties with respective decrease of 2.35% & 1.68%.

New listings in the region showed downward trend with an average decrease of 5.53%. The exception was Orange County with increase of 0.96%.

New listings were 14% of total active inventory and older listings were at 9.85% of the active listings.

Coming soon inventory continued the trend from last week and went down by 3.68%.

Closed listings continued the trend from last week and went down by an average of 2.43% 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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