So Cal Market Beat

MLS Data provided courtesy of Real Estate Legends, USA

Buyer, Seller & Investor Tips

ECON 101 (Supply & Demand)

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

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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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5 Week Trends

4 out of 6 counties in So Cal showed a drop in the current inventory, resulting in the average of -1.44% 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 Bernardino. The average for the region was a drop of 4.83%. Older listings also dropped in all counties, this time except for Orange County. The average drop for the region was 2.84%.

New listings were 29.28%% of total active inventory and older listings dropped to 13.89% of the active listings.

Coming soon inventory changed direction from the past 2 weeks and went up by 9.70%.

Closed went up by an average of 0.82% in So Cal. The activity was mixed in the counties with Los Angeles and Riverside showing a drop and all other counties showing a gain in closings from the week before.

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