Beach Cities Market Report 090122

Dated: September 1 2022

Views: 2

"REALTOR RON'S"
Beach Cities Market Report

Residential / Luxury / Investment
Call/Text   714-955-1393

New listings began declining year-over-year since June: 

For-sale properties added to the market were again down 15.8% from one year ago. This week marks a seventh straight week of year-over-year decline in the number of new listings and a second consecutive week with a drop of more than 10 percent. The ongoing trend suggests that homeowners are less eager to list their homes for sale compared to last year, even though today’s median listing price is more than 7.1% higher. So, while the market is seeing an improvement in the overall inventory level, the increase is mostly due to a drop in demand rather than an increase in new active listings.


Average Days on Market = 20 days
Months of Inventory = 2.3
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>>>>LA & Orange Counties<<<<
1,438 Closed Sales Last Week!!!
6,529 Closed Sales MTD

Active Listings "Stats"
8/25/22 - 8/31/22
Orange County
Single Family Residence - 168
Townhome / Condo - 91

Under Contract this Week - 421
Los Angeles
Single Family Residence - 700
Townhome / Condo - 245
Under Contract this Week - 890
Data Source:  CRMLS
Interest Rates
Changes from Previous Week
30 Yr Fixed - 5.99%    +0.15%
15 Yr Fixed - 5.29%    +0.15%
FHA 30 Yr - 5.32%       +0.07%
Jumbo 30 Yr - 5.10%  +0.15%
Data Source: mortgagenewsdaily
Homes For Sale
"Easy Links"
Data Source:  CRMLS
Orange County
https://www.ocweekly.com/

Los Angeles County
https://www.laweekly.com/calendar/
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Email:  RealtorRonPhillips@gmail.com
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