Market Activity as of December 1, 2014

First and foremost, warmest holiday wishes. May this season of celebration be joyful to all you hold dear, filled with love and good cheer!

The holiday selling season is underway. Often, home sellers will remove their homes from the market during this season. However, this is a good time to offer your home for sale. Less competition from other homes for sale. Buyers who are dedicating the season to finding a new home tend to be very motivated. Your home shines with all the warmth of the season.

As has been the trend, well priced, well prepared homes are selling promptly. Several niches within each city marketplace, such as tear-down cottages in the Corona del Mar Village, are in high demand. With strong competition, home sellers should be thoughtful in pricing their homes and to preparing their homes for presentation.

Buyers Market versus Sellers Market

One of the trends to keep in mind when selling your home is whether the current market is a Buyers Market or a Sellers Market. Real estate agents use "absorption rates" and "months supply of home inventory" as a tool for measuring the market.

Absorption rates (AR) measure how quickly the market is absorbing or eliminating homes for sale. Month supply of inventory (MSI) measures how many months it would take to sell off all the existing inventory based on current activity.

  • Sellers Market = MSI less than 6 months
  • Buyers Market = MSI greater than 6 months
  • Balanced Market = MSI equal to 6 months

Both values are a snapshot of a moment in market time and may vary between price points. For example, a home offered at $1,000,000 may be experiencing a sellers market while at the same time, a home offered at $3,000,000 may be in a balanced market.


Single Family Homes

Active = Number of Homes Actively Listed for Sale. In Escrow = Number of Homes Under Contract. Closed = Number of Homes Closed Escrow 2014 Year-to-Date. Closed 12 Mos - Number of Homes Closed Escrow in Last 12 Month. AR = Absorption Rate per Month. MSI = Months Supply of Home Inventory.*
City Active In Escrow Closed Closed 12 Mos AR MSI
*Closed listings 11/01/2013 through 11/30/2014. Based on information from the Association of REALTORS®/Multiple Listing Service as of 12/01/2014 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. If your home is currently listed, this is not a soliciation of that listing.
NB - 92660 115 43 318 375 31.3 3.7
NB - 92661 24 5 54 63 5.3 54.6
NB - 92662 15 2 33 38 3.2 4.7
NB - 92663 62 18 136 168 14.0 4.4
CDM - 92625 51 14 129 154 12.8 4.0
NC - 92657 63 12 119 138 11.5 5.5
LB - 92651 163 47 327 385 32.1 5.1
IR - 92603 53 14 125 151 12.6 4.2

Condominiums and Townhomes

Active = Number of Homes Actively Listed for Sale. In Escrow = Number of Homes Under Contract. Closed = Number of Homes Closed Escrow 2014 Year-to-Date. Closed 12 Mos - Number of Homes Closed Escrow in Last 12 Month. AR = Absorption Rate per Month. MSI = Months Supply of Home Inventory.*
City Active In Escrow Closed Closed 12 Mos AR MSI
*Closed listings 11/01/2013 through 11/30/2014. Based on information from the Association of REALTORS®/Multiple Listing Service as of 12/01/2014 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. If your home is currently listed, this is not a soliciation of that listing.
NB - 92660 38 17 116 131 10.9 3.5
NB - 92661 6 3 3 5 0.4 14.4
NB - 92662 0 0 1 1 0.1 0.0
NB - 92663 28 10 104 118 9.8 2.8
CDM - 92625 31 12 102 110 9.2 3.4
NC - 92657 14 4 48 59 4.9 2.8
LB - 92651 22 3 51 56 4.7 4.7
IR - 92603 38 10 133 162 13.5 2.8

If you'd like to stay in touch, subscribe to my email newsletter for useful tips and valuable resources.

Subscribe