So Cal Real Estate Market Beat

October 28, 2020


By Saeed Ghaffari

So Cal Real Estate Market Beat

The red dots are all over the place! A sign of warning! Maybe, we don’t know.

For goodness sake, it’s almost winter, we are in a pandemic and the presidential election is a week away. What do you expect?

If you notice, we have added a couple of new columns to keep track of total the active inventory weekly and its delta weekly.  In a perfect world, the current active listings should amount to the last week’s plus new listings added in the last 7 days less the closings in the last 7 days.  Sorry to burst your bubble, we don’t live in a perfect world. There are canceled and expired listings that make up for the difference and we don’t show it in our report.

Another item to keep in mind is the active listings in Los Angeles County. They exceed 5000 every week, the maximum number MLS displays on its website. For that reason, we report the maximum number displayed.

Getting that out of the way, we notice a drop in Active Listings in every county, insignificantly. But the New Listings in the market had double digit drops in 4 out of the 6 counties in So Cal with Ventura showing a gain of 8.09%.  This’s something to keep an eye on week after week to gauge the market trend.

Closings had mix numbers with gains in Los Angeles and San Bernardino counties, 10.25% and .98% respectively and Orange, Riverside, San Diego and Venura counties all showing drops, with Ventura on the top with 18.39% drop in closings.

The Average Days numbers fluctuated between went down by 10.34% in San Bernardino and went up by 9.52% in San Diego counties and other counties were in between. The changes are insignificant in this category and I am not sure why we even keep tracking them.

Need a realtor in your area? Click on More & More Realtors

Sign up on to be a free member and connect with our members and receive our weekly news and updates (Sign Up Here )

You Deserve 100% Commission

Learn about our 100$ Commitment to 100%  Commission

Gold Sponsor of M&M

Order your NHD Report  on M&M

Call Us Today

714 469 5529


Related Articles

Mortgage Report / So Cal RE Market Update

(A must read for agents, buyers and sellers) Mortgage Report Interest rates are historically low post presidential election.  After the 2016 election, rates went up from 3.47% to 4.2%, reports Freddie Mac.  In 2012 rates essentially stood still. They were at 3.38% in...

Pre-qualification, Pre-approval & Full Loan Approval

(A must read by first time home buyers and new agents) A mistake some real estate buyers make is they start looking for homes before talking to a lender, leading to disappointment, as they often look at the properties out of their reach and they get the disappointing...

Dana Point Market Beat

Little History The city was named after the headland of Dana Point, which was in turn named after Richard Henry Dana, Jr., author of Two Years Before the Mast, which included a description of the area. Dana described the locale, including neighboring San Juan...