All homes for sale, pending, and closed for the last 15 months
June 2016 is a Seller's market*
Home For Sale in June 2016: 1455 units.
| • | Up 21.4% compared to the last month |
| • | Down 2% compared to the last year |
Home Closed in June 2016: 1017 units.
| • | Down 3.6% compared to the last month |
| • | Down 17.9% compared to the last year |
Home Placed under Contract in June 2016: 1150 units.
| • | Down 0.9% compared to the last month |
| • | Down 7.2% compared to the last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
Average Price Per Square Foot for the past 15 months
June 2016 Average Sold Price per Square Footage is Neutral*
Average Sold Price per Square Footage in June 2016: $237
| • | Down 0.8% compared to the last month |
| • | Up 11.3% compared to the last year |
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Average Days On Market and Sale Price/List Price %
June 2016 Average Days on Market trend is Falling*
Average Days on Market in June 2016: 20
| • | 0% compared to the last month |
| • | Down 20% compared to the last year |
June 2016 Sold/Original List Price Ratio Remains Steady*
Sold/Original List Price % in June 2016: 101%
| • | Down 1.9% compared to the last month |
| • | Down 1% compared to the last year |
*Based on 6 month trend - Rising/Falling/Remains Steady
Average Price for sale and actually sold
June 2016 Average For Sale Price is Neutral*
Average For Sale Price (in thousand) in June 2016: $600
| • | Down 0.5% compared to the last month |
| • | Up 11.5% compared to the last year |
June 2016 Average Sold Price is Appreciating*
Average Sold Price (in thousand) in June 2016: $455
| • | Up 0.2% compared to the last month |
| • | Up 12.3% compared to the last year |
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Months of Inventory
June 2016 is a Seller's market*
Months of Inventory based on Closed Sales in June 2016: 1.4
| • | Up 26.4% compared to the last month |
| • | Up 16.7% compared to the last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
Hi there
ReplyDeleteAs the real estate market continues to change, the best ways to sell a house continues to change as well. It can be difficult to adjust to the changing trends. Home sellers will need to make sure to follow these trends in order to have a fast home sale.Read more at-real estate market trends
Thansk
Real estate investment is very different. To succeed with income property, you must treat it as a serious business. With income property, there are always jobs to do, real estate in Los Angeles
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