So Cal Market Beat

MLS Data provided courtesy of Real Estate Legends, USA

Table below shows the impact of the market trends and factors on our economy, ECON 101.

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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

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Active Inventory listings were up across the Southland by an average of .06% with a mixed activity among the counties.

New listings were up by .49% and the older listings were down by 1.56%. New listing inventory was mixed among the counties and the older listings were down in every county except in Ventura.

New listings remain 30.33% of total active inventory and older listings dropped to 14.09% of the active listings.

Coming soon inventory continued its trend and dropped by 4.94%.

Closed went up by an average of 5.08% in So Cal. The trend was positive in every county except for San Diego that experienced a drop of 5.08%. The overall result was good news to all, buyers, sellers, lenders and agents.

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