September 23, 2020
By Saeed Ghaffari
So Cal had another strong closing last week with 6.68% improvement over the week before.
The lowest average days on the market belonged to San Diego county with 20 and 22 for the consecutive weeks. Riverside county had the longest days of 41 and 39 with the other 3 counties ranging in between. Although 41 days on the market in Riverside County seems high compared to the 20 days of San Diego, it is still way better than the national average that is about somewhere around 90 days.
San Diego had a lowest number of closings, 435, and Los Angeles had the highest, 1333. One needs to also consider the population size between the two counties too, 3.3 million for San Diego and 10 million of Los Angeles.
Starting this week, wee are starting to track the new listings coming to market each week and we’ll be able to compare them every week to better gauge the market beat.
Over all, we are having a very strong market in So Cal with a seller market in most areas.
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