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:Â Average days on the market.
Source Altos.re
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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 0.19%. The exceptions were Los Angeles, Riverside & Ventura Counties with respective increase of 0.66%, 0.88% & 0.48%.
New listings in the region showed upward trend with an average increase of 9.55%. The exception was San Diego County with decrease of 4.18%.
New listings were 16.54% of total active inventory and older listings were at 26.22% of the active listings.
Coming soon inventory changed the trend from last week and went up by 6.73%.
Closed listings changed the trend from last week and went down by an average of 9.99% 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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