So Cal RE Market Report / Buyer, Seller & Investor Tips
May 12, 2021
By Saeed Ghaffari
So Cal Market Beat
Buyer, Seller & Investor Tips
ECON 101 (Supply & Demand)
Table below shows the impact of the market trends on our economy.
Featured Cities
|
|
SFR |
Condo |
|
|
MAI $/sqft Median Avg. DOM |
MAI $/sqft Median Avg. DOM |
|
Azusa |
87 $439 $693,950 9 |
88 $379 $726,950 28 |
|
Covina |
95 $440 $720,000 44 |
66 $355 $535,000 16 |
|
Glendora |
71 $448 $1,048,000 55 |
73 $429 $517,500 147 |
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
3 out of 6 counties in So Cal showed a drop in the current inventory, resulting in the average of -1.53% drop in the region, a change in direction from the past couple of weeks.
New listings were also down in all counties except for San Diego. The average for the region was a drop of 3.37%. Older listings also dropped in all counties, this time except for Ventura County. The average drop for the region was 1.36%.
New listings were 29.89% of total active inventory and older listings rose to 13.41% of the active listings.
Coming soon inventory changed direction from the last weeks and went up by 16.19%.
Closed went down by an average of 1.12% in So Cal. The activity was mixed in the counties with only San Diego going slightly up and all the other counties showing drop from the week before.
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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