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 downward trend in inventory with average decrease of 0.27%. The exceptions were Orange & Riverside Counties with respective increase of 0.36% & 0.76%.

New listings in the region showed downward trend with an average decrease of 9.21%. There were no exceptions in the region.

New listings were 10.22% of total active inventory and older listings were at 20.37% of the active listings.

Coming soon inventory continued the trend from last week and went down by 9.49%.

Closed listings continued the trend from last week and went down by an average of 14.71% in So Cal.

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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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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.