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

So Cal Market Beat

Buyer, Seller & Investor Tips

Featured Cities

	SFR	Condo
	MAI $/sqft Median Avg. DOM	MAI $/sqft Median Avg. DOM
92807	92 $528 $1,119,500 2	74 $546 $750,000 4
92808	80 $606 $1,549,000 10	70 $587 $682,450 19
Menifee	86 $283 $624,949 33	Inventory currently too low for a market report in Menifee, CA

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 0.28%. The exceptions were Orange & San Bernardino Counties with respective increase of 2.75% & 3.81%.

New listings in the region showed downward trend with an average decrease of 3.84%. The exception was San Bernardino County with increase of 0.16%.

New listings were 33.54% of total active inventory and older listings were at 13.06% of the active listings.

Coming soon inventory changed the trend from last week and went up by 7.65%.

Closed listings changed the trend from last week and went down by an average of 12.73% 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].

M&M NEWS

California Housing Market: Prices, Trends, Forecast 2023

Mar 28, 2023

California Regional Housing Market Trends
The California Association of Realtors (C.A.R.) recently released its housing market report for February 2023, which showed that the state’s housing market experienced a decline in sales and median home prices. The report indicates that all regions in California, except the Central Valley, recorded sales declines of more than 30% from a year ago, with the Far North experiencing the most significant drop at -39.4%. Similarly, all counties monitored by C.A.R. had double-digit sales drops in February, with sales in 34 counties plummeting more than 30%.

Is This The Calm Before The Mortgage-Rate Storm? Here’s Why Homebuyers Should Hurry

Mar 28, 2023

Home prices are plateauing
Although home prices are still inching up, they’re starting to level off.

For the week ending March 18, listings prices were 6.3% higher than this same week a year earlier.

“This remains the lowest sales-price growth rate since June 2020,” explains Speianu. Plus, interest rates “are expected to remain elevated in the near term, which implies that home prices may continue to soften this spring season.”