SoCal Beach Cities Market Report 011223

Dated: January 12 2023

Views: 2

"REALTOR RON'S"
Beach Cities Market Report

Residential / Luxury / Investment
Call/Text   714-955-1393
Resolutions 2023!!!

The U.S. economy kicked off the new year with some good news that offers a ray of hope to the housing market. The latest report on solid job gains, coupled with slower wage growth, calmed down inflation worries and pushed mortgage rates down to nearly 4-month lows. Home purchase sentiment also improved in recent weeks as more consumers expected home prices and mortgage rates to decline in the next 12 months. Despite sluggish mortgage activities in December, it is time to put 2022 in the rear-view mirror. Let’s focus on the positive, build on the momentum, and make 2023 a decent year.     

If you are thinking about selling within the next two months and would like to save thousands, I am offering my full Realtor listing services at 1% commission. 

Please let me know if you have any questions or if there is anything in the world I can do for you!
 
Be Well, Stay Safe!

>>>>LA & Orange Counties<<<<
851 Closed Sales Last Week!!!
1,178 Closed Sales MTD

 

Number of Months of Inventory = 1.85

Average Days on Market = 37.5
Active Listings "Stats"
1/5/23 - 1/11/23
Orange County
Single Family Residence - 110
Townhome / Condo - 78

Under Contract this Week - 201
Los Angeles
Single Family Residence - 555
Townhome / Condo - 219
Under Contract this Week - 444
Data Source:  CRMLS
Interest Rates
Changes from Previous Week
30 Yr Fixed - 6.15%     -0.26
15 Yr Fixed - 5.37%     -0.43
FHA 30 Yr - 5.75%       -0.34
Jumbo 30 Yr - 5.72%   +0.04
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/
Find out what Your Home is Worth?
Give Me a Call

I'll Help You Through it All


I look forward to working with you...

Call / Text


714-955-1393


>>>My Website<<<
RON PHILLIPS
DRE# 01099230
 
Email:  RealtorRonPhillips@gmail.com
RealtorRonPhillips
RealtorRonPhillips
SUMMERLAND REAL ESTATE
DRE# 02013630
Copyright © 2023 Summerland Real Estate, All rights reserved.

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