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

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

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So Cal Market Beat

Buyer, Seller & Investor Tips

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 upward trend in inventory with average increase of 0.71%. The exception was Ventura County with decrease of 2%.

New listings in the region showed mix trend with an average decrease of 0.72 %. The exceptions were Los Angeles, Riverside & San Bernardino Counties with respective increase of 0.81%, 0.40% & 6.72%.

New listings were 12.03% of total active inventory and older listings were at 18.56% of the active listings.

Coming soon inventory changed the trend from last week and went down by 8.51%.

Closed listings changed the trend from last week and went up by an average of 8.67% 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].

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

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